We can make an
introduction

We can introduce you to a Swiss boutique finance company that specialises in delivering corporate funding.

Free document download
facility

We have a range of useful documents and information to assist you with gaining finance for your projector company.

We can answer your
questions

We answer your questions in relation to Bank Guarantees. Click here to get the answers you need to make an informed decision.

What is a Bank Guarantee

Bank Guarantee UK – What is a bank guarantee?

A bank guarantee, also referred to as a letter of guarantee, is a binding obligation by the issuing bank to pay the beneficiary should the applicant fail to honour their financial and contractual obligations.

These can be issued in two different ways :

Direct Guarantee.

The issuing bank, under instructions from their client (the provider), issues a guarantee direct to another bank (the receiving bank). This can be for the account of the beneficiary, or in some cases, direct to the beneficiary themselves.

Indirect Guarantee.

The providers bank requests their correspondent bank to issue a guarantee on their behalf. The correspondent bank becomes the issuing bank and will issue the guarantee, even though they do not hold the account of the provider.

Where a Guarantee is being utilised for monetisation, it is considered to be a Demand Bank Guarantee. This type of guarantee has specific verbiage and is governed by ICC Uniform Rules for Demand Bank Guarantees (URDG 758).

Bank Guarantees are issued for varying purposes, such as payment guarantees for customs and shipping guarantees. Therefore, each different guarantee will follow an exact format relating to their specific purpose.

Bank Guarantee UK

If you are based in the UK you do not have to use a UK based bank. It is usually the case that if your own bank is not willing to issue a Bank Guarantee to you, that an overseas bank may be able to help.

If this is the case then using an intermediary to facilitate an introduction to a bank could be of help as you would have no history with that bank.

We can make an introduction to relevant intermediary’s dependent on your status and requirements, regardless of the country in which you are based.

For further information on the different types of Guarantees, see below.

A bank guarantee, also referred to as a letter of guarantee, is a binding obligation by the issuing bank to pay the beneficiary should the applicant fail to honour their financial and contractual obligations.

A Bank Guarantee can be issued in two different ways :

Direct Guarantee

Indirect Guarantee 

Where a Guarantee is being utilised for monetisation, it is considered to be a Demand Bank Guarantee. This type of guarantee has specific verbiage and is governed by ICC Uniform Rules for Demand Bank Guarantees (URDG 758).

Bank Guarantees are issued for varying purposes, such as payment guarantees for customs and shipping guarantees. Therefore, each different guarantee will follow an exact format relating to their specific purpose. Further information on the different types of Bank Guarantees.

We can introduce you to a Swiss Boutique Finance Company that can advise you on these matters.

Direct Guarantee

The issuing bank, under instructions from their client (the provider), issues a guarantee direct to another bank (the receiving bank). This can be for the account of the beneficiary, or in some cases, direct to the beneficiary themselves. 

We can introduce you to a Swiss Boutique Finance Company that can advise you on these matters.

Indirect Guarantee 

The providers bank requests their correspondent bank to issue a guarantee on their behalf. The correspondent bank becomes the issuing bank and will issue the guarantee, even though they do not hold the account of the provider.

We can introduce you to a Swiss Boutique Finance Company that can advise you on these matters.

No, you can use banks based around the world.

We can introduce you to a Swiss Boutique Finance Company that can advise you on these matters.

Contact

If you would like to find out more information or have a specific question regarding the information on this page, please do not hesitate to get in touch with one of our experts by filling out our quick contact form here.

We aim to reply to questions or requests for information within 3 working days. If you would like us introduce you to a Swiss boutique finance company that specialises in delivering corporate funding. Then please fill in our arrange an introduction form.