Bank Guarantee (BG) / Bank Guarantee (BG) Trading / Bank Guarantee (BG) Funding / Standby Letter of Credit (SBLC) / Standby Letter of Credit (SBLC) Trading / Standby Letter of Credit (SBLC) Funding :
Wave Capital provides Bank Guarantee (BG), Standby Letter of Credit (SBLC) / SLOC and a Letter of Credit (LC), which are in a similar manner but with clear distinction amongst the two commodities. Wave Capital's Letters of credit ensures that your business transaction proceeds as planned, while our Bank Guarantee (BG) / Standby Letter of Credit (SBLC) / (SLOC) helps reduce the loss on your lender or financing institution if the transaction does not go as planned. Lending institutions need assessment and confidence of performance of your business, and that is why our team of experienced experts at Wave Capital provide a variety of Bank Guarantees (BG) / Standby Letter of Credit (SBLC) e.g:
- - Performance Guarantee
- - Bid Bond Guarantee
- - Financial Guarantee
- - Advance Payment Guarantee
- - Foreign Bank Guarantee
- - Deferred Payment Guarantee
At Wave Capital, we do understand that vast majority of banks and lending institutions across the globe require a Bank Guarantee (BG) / Standby Letter of Credit (SBLC) as a promise in the event that if you or your company as a borrower defaults on a loan, we the guarantor will cover the loss. We can assure you and your company, and your lending instutition that you have come to the right place. Wave Capital will have you covered and back your loan with Guarantees that are accepted worldwide.
Features of a Valid Bank Guarantee Issued by Wave Capital - Transparency & Accountability
It is imperative that guarantee can be enforced based on terms of the contract (i.e. guarantee agreement) existing between the bank or lending institution and the beneficiary. Generally, beneficiaries do state a clause to be included for charging penal interest in the case of delayed payment. Hence, it is essential for the banks or lending institutions to be cautious while finalizing the format and text of the contract (the guarantee agreement). While signing the same, the provision of penal interest and clauses attached to delays and default are to be carefully noted. Our experienced professionals at Wave Capital will be on hand to assist you through the entire process with optimal clarity.
- - The period till which the guarantee holds is clearly specified
- - Guarantee is always issued for a specific amount
- - The purpose of the guarantee is clearly stated
- - Guarantee is valid for a specific defined period
- - The grace period allowed to enforce guarantee rights is also stated in the guarantee
- - Guarantee clearly states the events under which it can be enforced
Bank Guarantee (BG) / Standby Letter of Credit (SBLC) Provision - Enabling Assurance of Your Loan Payments
We are committed to pay the beneficiary if the borrower defaults by virtue of not fulfilling their agreed contract. We honor payments to your beneficiaries upon receipt of claim by providing Bank Guarantee (BG) / Standby Letter of Credit (SBLC) in foreign currency for approval of loan and disbursement of loan purposes. For your various business obligations, we stand by you as Surety and offer Guarantees on your behalf in local and foreign currency for approved purposes, within regulations and thus help fulfil your financial business requirement.
- Multi Choice : We offer various types of guarantees via assessment of business, confidence of performance, and financial risk reduction, etc. that are required at various stages of your loan contract.
- Expertise : We have dedicated and experienced Trade Finance Desks in major cities across the world, which offer you the best services and add value to your business.
- Efficiency : We bring you the best possible solution in the least time and at the competitive charges.
Wave Capital's Bank Guarantee (BG) Solutions - Overview
At Wave Capital, our team of experienced experts ensures wide acceptability and faster credit of funds to support your business.
- - Extensive Validity : Valid for a maximum of 10 years & Maximum tenure of guarantee is 18 months
- - Competitively priced : We offer our clients competitive price on our Bank Guarantee (BG) / Standby Letter of Credit (SBLC)
- - Worldwide Acceptance : Globally accepted by all beneficiaries
- - Simplicity : Standby Letter of Credit (SBLC) in USD together with other foreign currency
- - Ease : Bank Guarantee (BG) in USD as well as other foreign currency
