Leased Bank Guarantee
A bank guarantee that is leased to a third party for a specific fee. The issuing bank will conduct due diligence on the creditworthiness of the customer looking to secure a bank guarantee, then lease a guarantee to that customer for a set amount of money and over a set period of time, typically less than two years. The issuing bank will send the guarantee to the borrower’s main bank, and the issuing bank then becomes a backer for debts incurred by the borrower, up to the guaranteed amount.
Toll Free 1-888-304-1638
2711 N. Haskell Ave Suite 550 Dallas, TX 75204
- What Happens When My Banks Issue An MT760 (fastlc.wordpress.com)
- I don’t go anywhere else but fastletterofcredit.com for SWIFT (fastlc.wordpress.com)
- MT799 service (fastlc.wordpress.com)
- Is a MT760 Negotiable (fastlc.wordpress.com)