Bank Guarantee Funding
1 YEAR FUNDING AGAINST A BANK GUARANTEE
This investment loan
is the ideal loan for persons requiring funds for roll-programs. The funding corporation will not set up accounts for clients
with a view to confirming funds, or issuing letters of confirmation for blocked funds. They will, however, lend the money
directly to the client and will place the funds directly into his own nominated bank account. No fees are paid until funding,
and no guarantees are required from client's bank. Once the funds are in the client's bank the client can have his own bank
confirm the funds. The funds are able to be exchanged for a bank guarantee, payable at the end of one year (fees are 3.5%).
There is a grace period of 30 days from the client's bank receiving the funds for the client to pledge his securities (thus
13 months).
The procedure is simple:
1. The contract between our corporation and the client can be initially
signed by fax.
2. The client must credit their account with our nominated bank to cover their 3.5% fee.
3. The client must sign an irrevocable payment order. This is a corporate payment order lodged with our bank. Once the funds
are transferred to the client's bank the client's payment order is activated, these are simply instructions, thus the client
must lodge their fees.
Points to note:
1. The loan can be made to a corporation or private individual of good
standing.
If a company we will require full details, names and addresses, If an individual, passport copy,
2. The client has 30 days from receiving the funds to have his bank confirm the securities. This can be agreed to
extend to 60 days, however, the fee increases to 4.0% (0.5% per month).
