Trade Finance Providers – DLC MT700 – SBLC MT760 – BG MT760

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Bronze Wing Trading L.L.C., the trade finance provider in Dubai facilitates financial instruments for traders and contractors to accommodate their business needs. Visit: www.bwtradefinance.com   We have successfully concluded more than 25,000 Deals with clients globally! We are specialized in providing the below financial instruments:  Letter of Credit – DLC MT700 Standby Letter of Credit – SBLC MT760 Bank Guarantee – BG MT760 Performance Bond  Bid Bond – Tender Guarantee  Advance Payment Guarantee  Bank Comfort Letter  Why Choose Bronze Wing Trading, as Your Trade Finance Provider?   We have extensive knowledge on trade finance market and an excellent relationship with top rated banks. We are maintaining an online presence to connect traders and to bridge the trade corridor between two corners of the world. Our trade finance experts are always available to provide you an on hand support and guidance.  Our trade finance services will assist you with expanding your business overseas a
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What is the Bank guarantee Process? How to Get a Bank Guarantee?

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What is the Bank guarantee Process?

Are you in need of a guarantee to avail lucrative contracts or profitable trade deals? Avail Bank Guarantee on behalf of your company!

Bank Guarantees plays an important role in international trade transactions. This type of guarantee acts as an assurance issued by a bank on behalf of its client and in favor of their counter parties. Further, the bank guarantees to pay a certain sum of money to one party, if the counterparty defaults or fails to complete the project within the agreed deadline.

Having Bank Guarantee also proves the creditworthiness of the company and also promotes confidence in transaction. This is because having a payment assurance eliminates the risk of nonpayment and encourages global/local trade transactions. Moreover, Bank Guarantees enables buyers to avail lucrative contracts/deals from suppliers whom have denied the buyer due to the fiscal risks associated with global trade with no assurance of payment.

Benefits of Bank Guarantees

·         Provide assurance to suppliers that the buyers can meet their financial obligations without fail.

·         Proves creditworthiness of your company, since BG MT760 backed by rated banks

·         Reduces any loss incurred, if the transaction doesn’t go ahead as planned.

How to Get a Bank Guarantee?

There are two ways to avail Bank Guarantee on behalf of your company & i.e.

·        Contacting Banks

·        Getting help from International Bank Guarantee Providers

When you choose the first option, i.e. banks to avail Bank Guarantee, then the banks may demand certain percentage of the contract value or else any form of security to issue the same on behalf of your company. And, if you don’t have enough cash to pay as cash margin, then they may decline your request.

On the other hand, there are many private trade finance companies that provide Bank Guarantee MT760. Among them, Bronze Wing Trading, International Bank Guarantee Providers assist traders by providing this type of guarantees without availing cash margin from rated banks. Our team strives to be the best by issuing the required guarantee on behalf of your company within 48 working hours.

Want to find more about Bank Guarantee? Are looking to secure guarantees on behalf of your company to avail larger contracts? Contact us today @ +97145519699 or fill out the form here.

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