Bank Guarantees in 2021
Welcome to 2021 and yet another lockdown. Is your company in serious financial trouble? Have your bankers turned their backs on you? Is your cash flow a nightmare? There is one solution to your problems. The Demand Bank Guarantee.
The Demand Bank Guarantee
This is the ONLY type of bank guarantee that can be monetised. Do not let others lead you down the garden path and tell you this statement is wrong. The Demand Bank Guarantee contains specific verbiage that allows for monetisation. It is governed by ICC Uniform Rules for Demand Guarantees, (URDG 758).
If the above appears gobbledegook to you let me explain. The ICC is the International Chamber of Commerce. It sets the rules for global business including bank guarantees. All these rules are adhered to by all major banks. URDG (uniform rules for bank guarantees) 758 is a specific rule laid down for Demand Bank Guarantees.
This means that if you receive a Demand Bank Guarantee in your favour you will be able to monetise. This will lead to access to loans and lines of credit. This is where you can obtain much needed cash flow to see out this lockdown.
Even Better News Than Good News
Throughout the world banks are cutting their lending books in pursuit of bigger profits. From Leningrad to London and from Hong Kong to Hamburg, say goodbye to credit facilities. So how does that help me with my Demand Bank Guarantee I hear you cry. What happens if my bank will not lend against a Demand Bank Guarantee.
Well here is the better news. There is a raft of third-party lenders waiting to lend against Demand Bank Guarantees. They are 100% covered. If you doubt this information, I suggest you go to www.bankguaranteefacts.com. This site will give you all the information you need to access loans and lines of credit.
There are certain companies out there who specialise in monetising Demand Bank Guarantees. If your company is on the road to ruin and you are wondering what do, I suggest you follow up on Demand Bank Guarantees. It won’t take you long to realise that this form of finance is real.
If you have never been involved in the bank guarantee market as suggested go to www.bankguaranteefacts.com. This web site explains how to access loans and lines of credit utilising a Demand Bank Guarantee. Also, and very importantly it will show you how to avoid conmen and tricksters who are waiting to pounce on the uninitiated.
It is a matter of fact that many companies in 2020 saved themselves by accessing finance through the medium of a Demand Bank Guarantee. So now is the time to save your company. Please do not hesitate.This Could Be
The Best Blog You Have Ever Read.