B A N K  G U A R A N T E E S
See also: Enhancements

Cash backed bank guarantees are sometimes available and can be used for a wide variety of purposes. They are unequivocal in their wording and are fully cash-backed. 

Your Guarantee is written with you as the beneficiary. It must be surrendered, unencumbered and clear at the end of the term. Meanwhile, it can be used for a variety of purposes but care must be taken to ensure that it is not abused nor misrepresented to third parties.

General Outline Terms and Conditions:

Capital Sum Limits:    From €5 million upwards. No stated maximum amount. Euros or Dollars.

Term and Renewals:    One to three years.

Issuing Bank:  Dependent upon amount, term and requirements. We do not arrange issue from banks within our excluded areas.

Arrangement and Renewal Fees:    From 6% per annum.

Instalment Fees:    Not available for this facility. The either the full arrangement fee or a non-usance fee must be placed in escrow before issue to be released upon certification of good issue. Fee claw-back provisions will not be permitted under any circumstances.

Introducer Commissions:    To be agreed in advance.