Leased Bank Guarantee (BG)
Receive a Leased BG Today!
SERVICE AND INSTRUMENT DESCRIPTION:
Bank Guarantees can be used as a successful tool to secure financing for your projects. These are typically used in global finance, trade finance, credit enhancement, project finance, and so much more. Although these are successful tools, it can be hard to secure them. It is almost impossible for small businesses to receive cash funds from investors who require a BGs.
However, you can rely on a Leased BG, which can be found at many different institutions. Most people are unaware that this is even an option.
You can have access to the cash-backed BG of another party for a fee or a lease. When the term has concluded, you can extend it or return it to the original holder.
The asset holder will enter into joint ownership with the potential borrower, or this asset can be transferred completely. This assures that there will not be a problem with the ownership of the account.
The leased BG will give the same rights to the account holder during the term. The new owner can encumber, place a lien, monetize, and use this account for security purposes.
Leased Bank Guarantee (BG)
We provide Leased BGs from some of the top banks globally and utilize Bloomberg, Euroclear, DTC screen block, and the SWIFT network. We use SWIFT MT799 to deliver bank-to-bank leased guarantees, as well as SWIFT MT760.
We Protect Our Client Deposits Fully Through 3 Levels of Protection
You never have to worry about your security with our three levels of protection:
- A Two Percent (2%) Non-Performance Penalty
- Two Percent (2%) damage fee will apply to a Party that fails to perform. The 2% shall apply in both cases, either when the Provider has sent a Corporate Invoice which the Beneficiary’s Bank will not respond or pay, and/or when the Beneficiary’s Bank is ready, willing, and able to receive the BANK INSTRUMENTS, and no BANK INSTRUMENTS is delivered from the Providers Bank by SWIFT MT-760, DTC, Euroclear or Bloomberg.
- A Program to Refund Deposits (all our agreements are Bank Endorsed (confirmable) with full bank responsibility as an insurance wrap)
- With our agreement with banks, that bank becomes responsible for payment when the transaction becomes complete.
- When a bank endorsed an agreement, the bank becomes responsible before the client pays our company any fees. We are the only Bank Instrument Facilitators in the WORLD that guarantee 100% of your initial deposit through bank endorsement before the client releases any payment.
- Attorneys Client Trust Account
- Once your agreement is approved by the compliance department, and bank endorsed, the payment is to be made ONLY AND EXCLUSIVELY to an attorney’s office client trust account. . These banking coordinates will be provided directly from a Petron Energy Group compliance officer (CCO), and they will be included inside your Invoice.
This Refund Deposit Program protects our clients and makes sure that the deposits are completely safe.
16 Reasons to Leased Bank Guarantees from Us!
- Our Program Operates with the Top 100 Banks of the World
- We offer monietization for our own bank instrument in case clients need this service.
- Our Bank Guarantees are available in a variety of currencies like the USD or Euro.
- We offer Low Leasing Rates of 8+2 (10% Total) for Rated Bank or 5+2 (7% Total) for Non-Rated Bank
- Offer five days to have full payment after the MT760 arrives at your bank.
- We include pre-advice about your MT799.
- We protect 100 percent of your deposit with Bank Endorsement.
- We do not allow Corporate or Personal Checks.
- You do not need to show your project documents.
- We promise that after an Agreement is completed, it will be signed within 72 hours.
- We deliver the MT760 to your institution.
- We offer Bloomberg, Euroclear, or DTC delivery to your Bank.
- We will pay a commission of up to 1.5% to any brokers.
- We develop your BG specifically for each client.
- We impose a performance penalty of 2% on every contract.
- Our banks endorse our deposit guarantee and also ensure a payout.