The term “bank guarantee” has no precise definition, particularly in international law. Some use the term exclusively to describe a transaction in which one party makes an independent guarantee commitment in respect of another party’s liabilities, regardless of the latter’s form and enforceability. Others describe guarantees as all transactions in which security is offered; from letters of comfort (which often are morally binding at most) to surety bonds and abstract payment undertakings.
A Bank Guarantee can be described as a Letter of Guarantee issued by one bank to another bank to guarantee the performance of an obligation on the part of the applicant, guaranteeing the beneficiary.
A Bank Guarantee is where one Bank (the Issuing Bank) issues an indemnity to another Bank (the Beneficiary Bank) or directly to a Beneficiary, on behalf of its account holder. The Issuing Bank will expect its account holder to pledge ‘assets’ to the bank for its issue.
Bank Guarantee’s take many forms.
Some Guarantees are written to guarantee rental payments, some are written to guarantee payments upon the meeting of certain conditions. Some are even issued to guarantee loans and credit lines. All of them are written for a specific purpose to a specific party.
Each Bank Guarantee will be worded for the purposes it is intended. Some may be ‘callable upon demand’ or some may only be ‘callable’ when the Beneficiary provides notice of satisfaction of a pre-determined condition.
Currently, under the new Uniform Rules for Demand Guarantees (URDG 758) an underlying contract should be provided that states clearly the purpose of the Bank Guarantee and forms part of the Guarantee, for example a Rent Agreement or Payment Obligation.
In international trade dealings, buyers and sellers often experience problems of trust within each other to honor their payment obligations. A seller may find it difficult to ascertain the buyer’s willingness and ability to make payment, whilst the buyer may not be convinced that the seller genuinely intends to perform his side of the agreement or has the necessary financial and technical resources to do so. Just as the buyer needs protection against non-performance, so the seller will want to minimize or insure against the risk of non-payment. Documentary credits are generally used in such cases, yet various other forms of bank guarantees are available.
The common element in all these arrangements is that the guarantor undertakes to be answerable for the payment of a debt or the fulfillment of a payment obligation in the event of default by the party that is responsible for it.
Top Billion Financial Limited are direct provider of bank Guarantees (BG), SBLC, DLC and All other types of Letters of Credit. We are legally registered Financial Firm with good reputation. We only work with Top Prime rated global banks. We deliver with time and precision as set forth in the Deed of Agreement (DOA). All our customers can engage our leased bank instruments into trade programs, Business expansion projects, Aviation projects, Agricultural projects, Petroleum/Oil/Gas, Telecommunication, Construction Projects and any other turnkey project. Our terms and Conditions are reasonable.
DESCRIPTION OF INSTRUMENTS:
1. Instrument: Bank Guarantee (BG)/SBLC
2. Total Face Value: Eur/Usd 1M MIN and Eur/Usd 50B MAX).
3. Issuing Bank: HSBC, Barclays Bank, Standard Chartered, Citibank or AA rated Bank in Western Europe or USA.
4. Age: One Year, One Day
5. Leasing Price: 4% of Face Value plus 1% brokers commission (only if there is a broker involved in the transaction)
6. Delivery SWIFT TO SWIFT.
7. Payment: Wire Transfer.
8.. Hard Copy: Bonded Courier within 7 banking days.
All relevant information will be provided to any serious customer upon request.
Please forward all your inquiries & consultations to our contact details as follows:
BROKERS: Brokers
are the life blood of our business and as a result we respect them,
value them and appreciate them. So new brokers are welcomed, appreciated
and compensated with good commission.
If you are interested to work with us, we would like to hear from you using the below contact details...
Company Name: Top Billion Finance Ltd.
Company Address: Room 1603-05, Harcourt House, 39 Gloucester Road, Wan Chai, Hong Kong.
Company Address: Room 1603-05, Harcourt House, 39 Gloucester Road, Wan Chai, Hong Kong.
Skype: topbillionfinance@gmail
Website: www.topbillionfinance
Email: info@topbillionfinance.Telephone: +852 8191 5275
ARE YOU SEARCHING TO HIRE THE LEGIT HACKERS?
ReplyDeleteAND HAVE YOU LOST YOUR HARD EARNED FUNDS TO THE BINARY OPTION SCAM?
Solving a problem for which you know there’s an answer is like climbing a mountain with a guide, along a trail someone else has laid. This is a global idea that navigates a newbie to a prominent encounter. ( Fully immersed to a degree that the subject in question Is an highly profitable worthwhile experience on merits).
And also a defined platform that maps a positive step closer to surviving heavy threat on the internet.
⚠Warning
This is real.
Be wary of fake hackers on here. Not everyone here are legit hackers. To before warned is to before harmed.
Scammers lacks website with no genuine review. And claims they hack for 30 minutes. That's never possible. People wear mask of lies so you need to be careful.
You can put a stop to your anxiety and constant fear of you getting ripped off by forgeries.
Welcome to the Globalhacks where skilled professional hackers who are driven by passion to make the internet a safer place and rendering proficient help to those having cyber problems. Good news comes rare and it's left for us whether to cherish such glittering ounce of it like a priceless diamond or the otherwise.
We have acquired best legit cybersecurity professionals who individually has acquired enormous exposure in the world of HACKING, trained & skilled in
▪Social media hacks (facebook, twitter, instagram,snapchat)
▪Email hacks
▪phone hacks
▪bitcoin hacks (highest bitcoin loading records to about 426.00362 btc)
▪verified PayPal account hacks
▪database hacks
▪credit card top up
▪university score upgrade
▪money transfer
▪binary option funds recovery. ( recovered $4,372,063 million)
The binary option is a wide field of concentration cause a lot of people have lost thier hard earned funds to forgeries.
Be wary of adverts on the internet and mostly on social media promising high returns from binary options trading. The binary option is one of the highly recorded scam on the internet.The Binary options are a form of fixed-odds betting. Particularly a trade involving if an event will occur or not and the result is either positive or negative.
If the investor is right, then they stand a solid chance of winning and should see a return of the funds invested but if they are wrong, they lose thier full funds invested. The Globalhacker are breeding effort to put an end to these unbearable swindle scheme taking over the intenet and taking a solid step forward to render solution to those affected by the fleece… we have striven to make tenacious effort to relief those who were victims off their traumatic feeling of loss. ( We Are Here To Help Recover Your Stolen Funds).
Here would be our cybersecurity techniques to retrieving back the victims funds.
●The binary broker website would be traced down using a game over peer to peer network via a bug attack,
What's the use of these bug networks?
They secure an SQL trace on a hiding server, decentralizing it and redirecting the server to a soft plus network. A soft plus network enable varieties of unique web coding languages, Through that process reveals thier hidden networking source, displaying the changed web page made default.
In that process unveil the hiding information traceable to track down the scammers and their embezzled central fund reserve system.
You can stay away from false businesses online, to be highly oned firm by making enquiries for their firm reference number (FRN) and contact details and barter their calls on the switchboard number and also never make use of the link in a website or an email from the firm propitiating you for an investment.
For more enquiries and help, contact globalhacktechATprotonmailDOTcom.
BinaryOption.recoveryATcyberservicesDOTcom
HackerOne©️LLC 2019.