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lease bank guarantee- Lease BG SBLC Providers

Lease Bank Guarantee- Lease BG SBLC Providers<br> <br>Lease Bank Guarantee (BG)<br>Kingrise Finance Limited provides Lease Bank Guarantee (BG). We are also direct providers of business loans, international project funding, Standby Letter of Credit (SBLC), Letter of Credit (LC/DLC) Bank Guarantee (BG), Performance Guarantee Bond, Tender Bond Guarantee, Advance Payment Guarantee, lease bg providers, lease bank guarantee, lease bank guarantee provider, Lease BG SBLC Providers, leading provider of bank guarantee, genuine bank guarantee provider, types of bank guarantee, uses of bank guarantee, bank guarantee process, bank guarantee charges, what is a bank guarantee and how does it work etc.<br> lease bank guarantee- Lease BG SBLC Providers | Kingrise Finance Limited<br>What is the Meaning of Bank Guarantee?<br>A bank guarantee is a promise from a bank or a financial institution that if a particular borrower defaults on a loan, the bank will cover the loss.<br>The bank guarantee signifies a lending institution ensures that the liabilities of a debtor is going to be met. In other words, if the debtor is unsuccessful to settle a debt, the bank will cover it. A bank guarantee allows the customer, or debtor, to acquire goods, purchase equipment or draw down a loan. <br>A bank guarantee acts similarly to a line of credit, except that a line of credit can be drawn upon at will by the banku2019s client. A bank guarantee is used only if the client does not pay its vendor an agreed-upon amount. U.S. credit institutions are forbidden from assuming guarantee obligations, and therefore most international transactions require a standby letter of credit. <br>Types and Examples of Bank Guarantees<br>There are many different kinds of Bank Guarantee namely:<br>u2022tA Payment Guarantee assures a seller the purchase price is paid on a set date.<br>u2022tAn Advance Payment Guarantee acts as collateral for reimbursing advance payment from the buyer if the seller does not supply the specified goods per the contract.<br>u2022tA Performance Bond serves as collateral for the buyeru2019s costs incurred if services or goods are not provided as agreed in the contract.<br>u2022tA credit security bond serves as collateral for repaying a loan.<br>For example, St. Marys hospital is a new hospital that wants to buy $1 million in medical equipment. The equipment vendor requires St. Marys hospital to provide a bank guarantee to cover payments before they ship the equipment to St. Marys hospital. St. Marys hospital requests a guarantee from the lending institution such as Kingrise Finance Limited ( kingrisefinance.com ) keeping its cash accounts. Kingrise Finance Limited essentially cosigns the purchase contract with the vendor.<br>What are the Uses of Bank Guarantee?<br>u2022tWhen large companies purchases from small vendors, they generally require the vendors to provide guarantee certificate from banks before providing such business opportunities.<br>u2022tPredominantly used in the purchase and sale of goods on credit basis, where the seller is assured of payment from the bank in case of default by the buyer.<br>u2022tHelps in certifying the credibility of individuals, which in turn, enables them in obtaining loans and also assists in business activities.<br>Though there are lots of uses from a bank guarantee for the applicant, the bank should process the same only after ensuring the financial stability of the applicant/business. The risk involved in providing such a guarantee must be analysed thoroughly by the bank<br>What are the Advantages and Disadvantages of Bank Guarantees?<br>Bank guarantee has its own advantages and disadvantages. The advantages are:<br>u2022tBank guarantee reduces the financial risk involved in the business transaction.<br>otDue to low risk, it encourages the seller/beneficiaries to expand their business on a credit basis.<br>otBanks generally charge low fees for guarantees, which is beneficial to even small-scale business.<br>otWhen banks analyse and certify the financial stability of the business, its credibility increases and this, in turn, increase business opportunities.<br>otMostly, the guarantee requires fewer documents and is processed quickly by the banks (if all the documents are submitted).<br>On the flip side, there are some disadvantages such as:<br>u2022tSometimes, the banks are so rigid in assessing the financial position of the business. This makes the process complicated and time-consuming.<br>otWith the strict assessment of banks, it is very difficult to obtain a bank guarantee by loss-making entities.<br>otFor certain guarantees involving high-value or high-risk transactions, banks will require collateral security to process the guarantee.<br>What are the Costs and Charges of Bank Guarantee?<br>Generally, BG charges are based on the risk assumed by the bank in each transaction. For example, a financial BG is considered to assume more risk than a performance BG. Hence, the fee for financial BG will be higher than the fee charged for performance BG.<br>Based on the type of the BG, fees are generally charged on a quarterly basis on the BG value of 0.75% or 0.50% during the BG validity period. Apart from this, the bank may also charge the application processing fee, documentation fee, and handling fee.<br>In some cases, security is required by the bank from its applicant, which is generally 100% of the BG value. In certain cases, collateral security or cash margin may also be accepted by the issuing bank.<br>The Difference Between Letter of Credit (LC/DLC) and Standby Letter of Credit (SBLC/SLOC).<br>Please note that Standby Letter of Credit (SBLC/SLOC) is different from Letter of Credit (LC).<br>A letter of credit (LC), also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods. Letters of credit are used extensively in the financing of international trade, where the reliability of contracting parties cannot be readily and easily determined. Its economic effect is to introduce a bank as an underwriter, where it assumes the counterparty risk of the buyer paying the seller for goods<br>The major difference: The u2018Letter of Creditu2019 and the u2018StandBy Letter of Creditu2019 are two legal bank documents that are used by international traders. Both these letters are used to ensure the financial safety between the supplier and their buyers. And, SBLC is a type of LC that is used when there is a contingent upon the performance of the buyer and this letter is available with the seller to prove the buyeru2019s non-performance during the sale.<br>LC and SBLC are the two financial instruments that are meant to safeguard the financial interests of the international traders i.e. buyers and sellers. It simply means that both these terms are widely useful while making transaction between the two trading parties. These help in giving financial security to both the parties. Also, these contracts are produced in good faith and in both the cases the fund gets mobilized.<br> Lease BG/SBLC Providers | Kingrise Finance Limited<br>Major differences between Letter of Credit (LOC) and Bank Guarantee (BG)<br>ParticularstLOCtBG<br>NaturetLOC is an obligation accepted by a bank to make payment to a beneficiary if certain services are performed.tBG is an assurance given by the bank to the beneficiary to make the specified payment in case of default by the applicant.<br>Primary liabilitytBank retains the primary liability to make the payment and later collects the same from the customer.tThe bank assumes to make the payment only when the customer defaults to make payment.<br>PaymenttBank makes the payment to the beneficiary as and when it is due. It need not wait for a default to be made by the customer.tOnly when the customer defaults the payment to the beneficiary, the bank makes the payment.<br>Way of working tLOC ensures that the amount will be paid as long as the services are performed as per the agreed terms.tBG assures to compensate for the loss if the applicant does not satisfy the specified conditions.<br>Number of parties involvedtThere are multiple parties involved here u2013 LOC Issuing bank, its customer, the beneficiary (third party), and advising bank.tThere are only three parties involved u2013 banker, its customer, and the beneficiary (third party).<br>SuitabilitytGenerally, this is more appropriate during the import and export of goods and services.tSuits any business or personal transactions.<br>RisktBank assumes more risk than the customer.tCustomer assumes the primary risk.<br>differences between Letter of Credit (LC) and Bank Guarantee (BG)- Kingrise Finance Limited<br>DESCRIPTION OF BUY/PURCHASE BANK INSTRUMENT (BG/SBLC)<br>1. Instrument: BG (Bank Guarantee) Standby Letter of Credit (SBLC), cash-backed, <br>2. Total Face Value: Eur/USD 2 Million (Min) to Eur/USD 500m (Max)<br>3. Issuing Bank: HSBC Hong Kong, Barclays Bank London, Deutsch Bank AG, Frankfurt or any AA Rated Bank.<br>4. Term / Age: One (1) Year and One (1) day, Fresh Cut<br>5. Invoice Price: 45% Net and 47% Gross of the face value of each BG/SBLC to the Seller, including 2% consultancy fees as per IMFPA.<br>6. Consultation Fee: In total of 2%, which is to be split and paid to the consultants as follows:<br> 1% to u2026(Selleru2019s Mandate).., paid by the Seller/Payer-1<br> 1% to u2026u2026u2026u2026u2026u2026u2026u2026u2026, paid by the Buyer/Payer-2 7. Delivery of instrument: Bank-To-Bank by SWIFT MT-760, as per the Schedule of Delivery of Buy-Sell Agreement<br>8. Payment for instruments: By SWIFT MT-103 wire transfer<br>9. Original Hard Copy: By bonded courier to Buyeru2019s designated Depository Bank within Seven (7) bank working days after receipt of BG/SBLC(s) settlement payment by SWIFT MT-103 into the Selleru2019s account.<br>BELOW IS THE DESCRIPTION OF LEASE BANK INSTRUMENTS (BG/SBLC)<br>1. Instrument: Fully Cash Backed Bank Guarantee {BG} or StandBy Letter of Credit {SBLC}<br>2. Total Face Value: USD 2Million (Min) to USD 500m (Max)<br>3. Issuing Bank: HSBC Hong Kong, Barclays Bank London or any prime Bank.<br>4. Age: One Year and One Day (with rolls and extensions where applicable) <br>5. Leasing Price: 4% ( 2% brokers commission where applicable) 2% broker commission applies to clients that were introduced by brokers<br>6. Delivery: SWIFT MT-760<br>7. Payment: MT103 Wire Transfer<br>8. Hard Copy: Bonded Courier within 7 banking days.9. Bank Transmission fee: Depends on the face value of the bank instrument<br>What is the LTV (Loan To Value) for leased bank instruments?<br>At Kingrise Finance Limited, we offer the best rates in the industry. All our bg sblc are issued from prime banks and we offer 80% LTV.<br>Terms and Procedures for BG/SBLC<br>Below is the normal procedure for the submission and issuance of a Bank Guarantee or Standby Letter of Credit from Kingrise Finance Limited (KFL)<br>Step 1: Application is made to KINGRISE FINANCE LIMITED for opening of a BG/LC//SBLC including but not limited to the following:<br>1. BG/SBLC application form. (Provided by KINGRISE FINANCE LIMITED upon request)<br>2. Desired verbiage of BG/SBLC. (If none provided, KINGRISE FINANCE LIMITED will provide its normal BG/SBLC / letter of credit verbiage.<br>3. SWIFT code and address of beneficiary bank.<br>4. Know Your Customer (KYC) documents including but not limited to: Passport copy of applicant, proof of address documents such as electricity or water bill, articles of incorporation of applicant company and brief summary, executive summary and/or business plan of underlying transaction.<br>Step 2: KINGRISE FINANCE LIMITED reviews all documents presented and evaluates acceptability of documents. KINGRISE FINANCE LIMITED then either approves application or denies and shall inform the applicant of such decision.<br>Step 3: KINGRISE FINANCE LIMITED prepares draft of the BG/SBLC as it is comfortable to issue and forwards to client for approval. All drafts shall be in line with rules and regulations governing the issuance of BG/SBLC.<br>Step 4: The client approves the draft and:<br>1. Signs a contract agreeing to the terms and conditions of issuance and issuance charges as negotiated.<br>2. KINGRISE FINANCE LIMITED issues the invoice for the agreed upon charges.<br>Step 5: Client makes payment of charges as per agreed upon payment structure.<br>1. Client shall provide TT/Wire copy of payment made to KINGRISE FINANCE LIMITED account.<br>2. KINGRISE FINANCE LIMITED shall confirm to client credit of funds upon receipt of funds to KINGRISE FINANCE LIMITED account.<br>Step 6: KINGRISE FINANCE LIMITED uploads draft to SWIFT system and provides copy to applicant for final approval of message. Upon approval given by applicant KINGRISE FINANCE LIMITED then releases the SWIFT to beneficiary bank coordinates.<br>Step 7: Copies of released SWIFT are then forwarded to the client via email or hard copy as requested. In case the client is represented by an advisor, then it is forwarded to the advisor only.<br>Step 8: Any amendments to BG/SBLC are subject to approval of KINGRISE FINANCE LIMITED.<br>Bank Guarantee Process- How to Get a bank Guarantee (BG)? <br>The best way to obtain a bank Guarantee (BG) Is through Kingrise Finance Limited. Kingrise Finance Limited was incorporated in Hong Kong on 22-SEP-1999 as a Government Licensed Money Lender with CR No.: 0689078. We are leading providers of Business Loan, SME Loans, Project Financing, Recourse Loan, Non Recourse Loans and Bank Financial Instruments such as Standby Letter of Credit Funding, Bank Guarantee, Performance Guarantee Bond, Tender Bond Guarantee, Advance Payment Guarantee, Bank Comfort Letter, BG/CD/BD/BCL/DLC/LOC/SLOC/SBLC etc.<br>Our bank instruments, bg/sblc issuance and monetization process is simple, fast and efficient and we offer the best rates as well as the best LTV in the industry.<br>Our bank instruments, bg and sblc/sloc are issued from prime banks such as Barclays Bank London, Standard Chattered Bank, HSBC Hong Kong or any rated AAA bank of your choice. All our financial instruments are Cash-Backed and can be used as collateral to secure funding for projects, Discounting, Monetization and Private Placement Programs (PPP).<br>So if you are in the market for an SBLC (Standby Letter OF Credit) or Bank Guarantee (BG) then make sure you use a reputable Financial Services Provider with decades of experience like Kingrise Finance Limited, the benefits of following this approach is you know you have peace of mind that your interest would be looked after and you surely would be getting the best deal.<br> what is a bank guarantee and how does it work- Kingrise Finance Limited<br>Why Choose Us?<br>u2022tFast Turnaround<br>u2022tBest Top Rated Banks<br>u2022tCompetitive Low rates<br>u2022tNo prepayment penalty<br>u2022t2 Days for Commitment<br>u2022tExtremely Satisfied Clients<br>u2022tWE KEEP OUR PROMISE<br>u2022t20 Years of Experience & Trust<br>u2022tNo Personal Collateral Required<br>u2022tSolutions for every customer & every industry.<br>u2022tLoan amounts from $1 million to over $500 million<br>u2022tFast Approvals & Fast Funding- Closing in as little as 5 days<br>BROKERS: We welcome new brokers who are direct to their clients. New brokers are welcomed and are rewarded with 2% commission on every deal they bring to us. <br>Kindly contact Us today for all your funding needs, including business loan, sme Loans, project financing, bank instruments (Bank Guarantee, Standby Letter of Credit, Letter of Credit) | BG|CD|BD|DLC|BCL|SBLC|SLOC.<br>Please CLICK HERE to read the entire article on our blog:<br> <br>Email: info@kingrisefinance.com<br>Website: www.kingrisefinance.com<br>Blog: https://kingrisefinance.blog<br><br>

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lease bank guarantee- Lease BG SBLC Providers

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  1. Lease Bank Guarantee- Lease BG SBLC Providers Lease Bank Guarantee (BG) Kingrise Finance Limited provides Lease Bank Guarantee (BG). We are also direct providers of business loans, international project funding, Standby Letter of Credit (SBLC), Letter of Credit (LC/DLC) Bank Guarantee (BG), Performance Guarantee Bond, Tender Bond Guarantee, Advance Payment Guarantee, lease bg providers, lease bank guarantee, lease bank guarantee provider, Lease BG SBLC Providers, leading provider of bank guarantee, genuine bank guarantee provider, types of bank guarantee, uses of bank guarantee, bank guarantee process, bank guarantee charges, what is a bank guarantee and how does it work etc.

  2. lease bank guarantee- Lease BG SBLC Providers | Kingrise Finance Limited What is the Meaning of Bank Guarantee? A bank guarantee is a promise from a bank or a financial institution that if a particular borrower defaults on a loan, the bank will cover the loss. The bank guarantee signifies a lending institution ensures that the liabilities of a debtor is going to be met. In other words, if the debtor is unsuccessful to settle a debt, the bank will cover it. A bank guarantee allows the customer, or debtor, to acquire goods, purchase equipment or draw down a loan. A bank guarantee acts similarly to a line of credit, except that a line of credit can be drawn upon at will by the bank’s client. A bank guarantee is used only if the client does not pay its vendor an

  3. agreed-upon amount. U.S. credit institutions are forbidden from assuming guarantee obligations, and therefore most international transactions require a standby letter of credit. Types and Examples of Bank Guarantees There are many different kinds of Bank Guarantee namely: •A Payment Guarantee assures a seller the purchase price is paid on a set date. •An Advance Payment Guarantee acts as collateral for reimbursing advance payment from the buyer if the seller does not supply the specified goods per the contract. •A Performance Bondserves as collateral for the buyer’s costs incurred if services or goods are not provided as agreed in the contract. •A credit security bond serves as collateral for repaying a loan. For example, St. Marys hospital is a new hospital that wants to buy $1 million in medical equipment. The equipment vendor requires St. Marys hospital to provide a bank guarantee to cover payments before they ship the equipment to St. Marys hospital. St. Marys hospital requests a guarantee from the lending institution such as Kingrise Finance Limited ( kingrisefinance.com ) keeping its cash accounts. Kingrise Finance Limited essentially cosigns the purchase contract with the vendor. What are the Uses of Bank Guarantee? •When large companies purchases from small vendors, they generally require the vendors to provide guarantee certificate from banks before providing such business opportunities. •Predominantly used in the purchase and sale of goods on credit basis, where the seller is assured of payment from the bank in case of default by the buyer. •Helps in certifying the credibility of individuals, which in turn, enables them in obtaining loans and also assists in business activities. Though there are lots of uses from a bank guarantee for the applicant, the bank should process the same only after ensuring the financial stability of the applicant/business. The risk involved in providing such a guarantee must be analysed thoroughly by the bank What are the Advantages and Disadvantages of Bank Guarantees? Bank guarantee has its own advantages and disadvantages. The advantages are: •Bank guarantee reduces the financial risk involved in the business transaction. oDue to low risk, it encourages the seller/beneficiaries to expand their business on a credit basis. oBanks generally charge low fees for guarantees, which is beneficial to even small- scale business. oWhen banks analyse and certify the financial stability of the business, its credibility increases and this, in turn, increase business opportunities.

  4. oMostly, the guarantee requires fewer documents and is processed quickly by the banks (if all the documents are submitted). On the flip side, there are some disadvantages such as: •Sometimes, the banks are so rigid in assessing the financial position of the business. This makes the process complicated and time-consuming. oWith the strict assessment of banks, it is very difficult to obtain a bank guarantee by loss-making entities. oFor certain guarantees involving high-value or high-risk transactions, banks will require collateral security to process the guarantee. What are the Costs and Charges of Bank Guarantee? Generally, BG charges are based on the risk assumed by the bank in each transaction. For example, a financial BG is considered to assume more risk than a performance BG. Hence, the fee for financial BG will be higher than the fee charged for performance BG. Based on the type of the BG, fees are generally charged on a quarterly basis on the BG value of 0.75% or 0.50% during the BG validity period. Apart from this, the bank may also charge the application processing fee, documentation fee, and handling fee. In some cases, security is required by the bank from its applicant, which is generally 100% of the BG value. In certain cases, collateral security or cash margin may also be accepted by the issuing bank. The Difference Between Letter of Credit (LC/DLC) and Standby Letter of Credit (SBLC/SLOC). Please note that Standby Letter of Credit (SBLC/SLOC) is different from Letter of Credit (LC). A letter of credit (LC), also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exporter of goods. Letters of credit are used extensively in the financing of international trade, where the reliability of contracting parties cannot be readily and easily determined. Its economic effect is to introduce a bank as an underwriter, where it assumes the counterparty risk of the buyer paying the seller for goods The major difference: The ‘Letter of Credit’ and the ‘StandBy Letter of Credit’ are two legal bank documents that are used by international traders. Both these letters are used to ensure the financial safety between the supplier and their buyers. And, SBLC is a type of LC that is used when there is a contingent upon the performance of the buyer and this letter is available with the seller to prove the buyer’s non-performance during the sale. LC and SBLC are the two financial instruments that are meant to safeguard the financial interests of the international traders i.e. buyers and sellers. It simply means that both these terms are widely useful while making transaction between the two trading parties. These help in giving financial security to both the parties. Also, these contracts are produced in good faith and in both the cases the fund gets mobilized.

  5. Lease BG/SBLC Providers | Kingrise Finance Limited Major differences between Letter of Credit (LOC) and Bank Guarantee (BG) Particulars LOC BG BG is an assurance given by the bank to the beneficiary to make the specified payment in case of default by the applicant. The bank assumes to make the payment only when the customer defaults to make payment. LOC is an obligation accepted by a bank to make payment to a beneficiary if certain services are performed. Nature Bank retains the primary liability to make the payment and later collects the same from the customer. Bank makes the payment to the beneficiary as and when it is due. It need not wait for a default to be made by the customer. LOC ensures that the amount will be paid as long as the services are performed as per the agreed terms. There are multiple parties involved here – LOC Issuing bank, its customer, the beneficiary (third party), and advising bank. Generally, this is more appropriate during the import and export of goods and services. Bank assumes more risk than the customer. Primary liability Only when the customer defaults the payment to the beneficiary, the bank makes the payment. Payment BG assures to compensate for the loss if the applicant does not satisfy the specified conditions. Way of working Number of parties involved There are only three parties involved – banker, its customer, and the beneficiary (third party). Suits any business or personal transactions. Suitability Risk Customer assumes the primary risk. differences between Letter of Credit (LC) and Bank Guarantee (BG)- Kingrise Finance Limited DESCRIPTION OF BUY/PURCHASE BANK INSTRUMENT (BG/SBLC) 1. Instrument: BG (Bank Guarantee) Standby Letter of Credit (SBLC), cash-backed, 2. Total Face Value: Eur/USD 2 Million (Min) to Eur/USD 500m (Max) 3. Issuing Bank: HSBC Hong Kong, Barclays Bank London, Deutsch Bank AG, Frankfurt or any AA Rated Bank. 4. Term / Age: One (1) Year and One (1) day, Fresh Cut

  6. 5. Invoice Price: 45% Net and 47% Gross of the face value of each BG/SBLC to the Seller, including 2% consultancy fees as per IMFPA. 6. Consultation Fee: In total of 2%, which is to be split and paid to the consultants as follows: 1% to …(Seller’s Mandate).., paid by the Seller/Payer-1 1% to ………………………, paid by the Buyer/Payer-2 7. Delivery of instrument: Bank-To-Bank by SWIFT MT-760, as per the Schedule of Delivery of Buy- Sell Agreement 8. Payment for instruments: By SWIFT MT-103 wire transfer 9. Original Hard Copy: By bonded courier to Buyer’s designated Depository Bank within Seven (7) bank working days after receipt of BG/SBLC(s) settlement payment by SWIFT MT-103 into the Seller’s account. BELOW IS THE DESCRIPTION OF LEASE BANK INSTRUMENTS (BG/SBLC) 1. Instrument: Fully Cash Backed Bank Guarantee {BG} or StandBy Letter of Credit {SBLC} 2. Total Face Value: USD 2Million (Min) to USD 500m (Max) 3. Issuing Bank: HSBC Hong Kong, Barclays Bank London or any prime Bank. 4. Age: One Year and One Day (with rolls and extensions where applicable) 5. Leasing Price: 4% (+ 2% brokers commission where applicable) 2% broker commission applies to clients that were introduced by brokers 6. Delivery: SWIFT MT-760 7. Payment: MT103 Wire Transfer 8. Hard Copy: Bonded Courier within 7 banking days.9. Bank Transmission fee: Depends on the face value of the bank instrument What is the LTV (Loan To Value) for leased bank instruments? At Kingrise Finance Limited, we offer the best rates in the industry. All our bg sblc are issued from prime banks and we offer 80% LTV. Terms and Procedures for BG/SBLC Below is the normal procedure for the submission and issuance of a Bank Guarantee or Standby Letter of Credit from Kingrise Finance Limited (KFL) Step 1: Application is made to KINGRISE FINANCE LIMITED for opening of a BG/LC//SBLC including but not limited to the following: 1. BG/SBLC application form. (Provided by KINGRISE FINANCE LIMITED upon request)

  7. 2. Desired verbiage of BG/SBLC. (If none provided, KINGRISE FINANCE LIMITED will provide its normal BG/SBLC / letter of credit verbiage. 3. SWIFT code and address of beneficiary bank. 4. Know Your Customer (KYC) documents including but not limited to: Passport copy of applicant, proof of address documents such as electricity or water bill, articles of incorporation of applicant company and brief summary, executive summary and/or business plan of underlying transaction. Step 2: KINGRISE FINANCE LIMITED reviews all documents presented and evaluates acceptability of documents. KINGRISE FINANCE LIMITED then either approves application or denies and shall inform the applicant of such decision. Step 3: KINGRISE FINANCE LIMITED prepares draft of the BG/SBLC as it is comfortable to issue and forwards to client for approval. All drafts shall be in line with rules and regulations governing the issuance of BG/SBLC. Step 4: The client approves the draft and: 1. Signs a contract agreeing to the terms and conditions of issuance and issuance charges as negotiated. 2. KINGRISE FINANCE LIMITED issues the invoice for the agreed upon charges. Step 5: Client makes payment of charges as per agreed upon payment structure. 1. Client shall provide TT/Wire copy of payment made to KINGRISE FINANCE LIMITED account. 2. KINGRISE FINANCE LIMITED shall confirm to client credit of funds upon receipt of funds to KINGRISE FINANCE LIMITED account. Step 6: KINGRISE FINANCE LIMITED uploads draft to SWIFT system and provides copy to applicant for final approval of message. Upon approval given by applicant KINGRISE FINANCE LIMITED then releases the SWIFT to beneficiary bank coordinates. Step 7: Copies of released SWIFT are then forwarded to the client via email or hard copy as requested. In case the client is represented by an advisor, then it is forwarded to the advisor only. Step 8: Any amendments to BG/SBLC are subject to approval of KINGRISE FINANCE LIMITED. Bank Guarantee Process- How to Get a bank Guarantee (BG)?

  8. The best way to obtain a bank Guarantee (BG) Is through Kingrise Finance Limited. Kingrise Finance Limited was incorporated in Hong Kong on 22-SEP-1999 as a Government Licensed Money Lender with CR No.: 0689078. We are leading providers of Business Loan, SME Loans, Project Financing, Recourse Loan, Non Recourse Loans and Bank Financial Instruments such as Standby Letter of Credit Funding, Bank Guarantee, Performance Guarantee Bond, Tender Bond Guarantee, Advance Payment Guarantee, Bank Comfort Letter, BG/CD/BD/BCL/DLC/LOC/SLOC/SBLC etc. Our bank instruments, bg/sblc issuance and monetization process is simple, fast and efficient and we offer the best rates as well as the best LTV in the industry. Our bank instruments, bg and sblc/sloc are issued from prime banks such as Barclays Bank London, Standard Chattered Bank, HSBC Hong Kong or any rated AAA bank of your choice. All our financial instruments are Cash-Backed and can be used as collateral to secure funding for projects, Discounting, Monetization and Private Placement Programs (PPP). So if you are in the market for an SBLC (Standby Letter OF Credit) or Bank Guarantee (BG) then make sure you use a reputable Financial Services Provider with decades of experience like Kingrise Finance Limited, the benefits of following this approach is you know you have peace of mind that your interest would be looked after and you surely would be getting the best deal. what is a bank guarantee and how does it work- Kingrise Finance Limited Why Choose Us? •Fast Turnaround •Best Top Rated Banks •Competitive Low rates •No prepayment penalty •2 Days for Commitment •Extremely Satisfied Clients •WE KEEP OUR PROMISE •20 Years of Experience & Trust •No Personal Collateral Required •Solutions for every customer & every industry. •Loan amounts from $1 million to over $500 million

  9. •Fast Approvals & Fast Funding- Closing in as little as 5 days BROKERS: We welcome new brokers who are direct to their clients. New brokers are welcomed and are rewarded with 2% commission on every deal they bring to us. Kindly contact Us today for all your funding needs, including business loan, sme Loans, project financing, bank instruments (Bank Guarantee, Standby Letter of Credit, Letter of Credit) | BG|CD|BD|DLC|BCL|SBLC|SLOC. Please CLICK HERE to read the entire article on our blog: Email: info@kingrisefinance.com Website: www.kingrisefinance.com Blog: https://kingrisefinance.blog

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