LATEST  N E W S

November 2011

Letters of Credit and Guarantee now available in small denominations.  Trade finance letters of credit now available.

September 2011

Big Ticket Project Funding presently over-subscribed.  Closed except to applicants with the required minimum $100 million liquidity.

July 2010

Bank guarantee facility has been replenished and is again available to credit worthy clients.

June 2010

Due to strong demand for the Big Ticket Project Finance facility, most other facilities have been temporarily suspended except for pre-existing clients and brokers.  Minimum facility limit temporarily raised to $50 million.

May 2010

Big Ticket Project Finance facility launched.

January 2010

Enhancement Bank Guarantee facility reinstated with a reduced minimum capital sum of €5 million.  Unusually, the issuing bank is willing to be paid by way of a bank pay order or SWIFT MT103 subject to a non-usance fee being held in escrow prior to issue and delivery.  Click here for details.

November 2009

Project finance available against projects supported by bank guarantee and where the borrower is unable to raise the appropriate credit line against the instrument. This facility supersedes the "Bank Risk Funding" facility.