The Standby Letter of Credit or SBLC as well as the Bank Guarantee (hereafter 'Bank Guarantee') is a payment guarantee generally issued by a bank (the issuing bank) on behalf of a client (the applicant) securing payment to a third party (the beneficiary) for the case that the client fails to fulfill a contractual commitment.
Bank Guarantees demonstrate the client's repayment abilities and prove his solvency and credit worthiness towards his business partners.
Bank Guarantees are facilitated in international trade transactions, as collateral and as credit enhancement instruments. The use of Bank Guarantees is advantageous for companies that do not want to stake own equity.
BB COMPANY provides all types of Guarantees accepted in international practice:
BB company llc has long term experience with the provision of premium bank instruments. We specialize on assisting businesses around the globe whose existing bank facilities are unable to meet their requirements.
Bank Guarantees provided by BB company llc are designed to protect your commercial interests by eliminating the need to prepay for products or services or to put up collateral with your bank. They are helping to reduce your risk and support your cash flow.