Do you require BG MT760 to conclude your worthy trade deal or contract? Is your bank declined your Guarantee request? Here in this article, we are describing “How to Get Bank Guarantee on your behalf without blocking your cash funds”.
BG MT760s are the written undertaking issued by a bank. And it acts as an assurance that they would fulfill the obligations; in case if the buyer fails to do so. When there is a trade deal between potential suppliers and buyers; the suppliers usually demand the buyers to provide BGs in their favor. And this BG MT760 gives the required payment assurance to the supplier.
There are lots of benefits of using Bank Guarantees; but on the other hand, to get the BG MT760, the buyer needs to meet some of the marginal demands of the banks. Most importantly, before issuing BG, they will study the financial background, liquidity, and Credit Score of the applicant. Only if the applicant meets all the T&Cs, then only they will get the required approval for processing their BG request. And because of this long process, lack of cash funds, and low credit score, many of the traders are losing their amazing opportunity to sign worthy contracts and trade deals.
BG MT760s comes with many advantages. The need for MT760 arose because of the mistrust between the buyers and the sellers. In certain cases where the sellers were not willing to supply goods to unknown buyers without having advance payments from the buyers. This type of guarantee is mostly used by traders to purchase commodities, lease machinery, and so on. So, this BG helps them to do trade dealings with businesses that couldn’t be possible without BG.
How to Get Bank Guarantee?
Are you the one looking to avail BG MT760 for your upcoming trade deal? No More Paperwork and Lengthy Process! We can help you to avail the required MT760 Guarantee from our European Banks within 48hrs.
Follow the Simple Bank Guarantee Process given below:-
Step 1: Submit your Guarantees Requirements to us.
Step 2: Our trade finance experts will do a detailed analysis of your trade deal. And if your request comes under our terms & conditions, then we will approve your BG Request.
Step 3: Our team will start structuring your BG deal by coordinating with European Banks. And then, we will send the BG Draft for your review and approval.
Step 4: After getting the BG draft approval from your end; we will ask you to provide the related documents and BG issuance fee charges.
Step 5: Finally, we will forward your request to issue the Guarantee on behalf of the buyer and in favor of the supplier via authenticated SWIFT MT760.
Advantages of BG MT760
- No need to tie up all your working capital in one project or deal; but can be spread around.
- You can conclude more deals; since there is no to provide advance payment.
- Reduce the risk which is borne by each party on a transaction.
Bank Guarantee Providers in Dubai,
Being International Bank Guarantees Providers in Dubai, we deal directly with European Banks and provide the required MT760 from our Bank Account.
Whether you are a contractor or a supplier or a buyer, we can support your trade deals and contracts by providing the required Bank Guarantee without blocking your own cash funds.
Get started now to apply for Bank Guarantees and sign more worthy contracts and trade deals with potential suppliers!
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