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What is Bank Guarantee

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Hong Kong

Two Chinachem Exchange Square, 338 Kings Road

North Point, HKI

Hong Kong

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Bank Guarantee is a kind of guarantee from a financing organization. Learn more on our website: www.kingrisefinance.com

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Bank Guarantee is a kind of guarantee from a financing organization. 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 is a promise from a bank or other lending institution that if a particular borrower defaults on a loan, the bank will cover the loss.

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 Bond serves 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.

We have discussed Standby Letter of Credit on a different thread, please read: https://kingrise.finance.blog/2020/03/31/what-is-standby-letter-of-credit-sblc/

HOW TO GET A BANK GUARANTEE:

Kingrise Finance Limited is a provider of leased bank guarantee at 4% leasing fee per year. 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 etc.

All our bank instruments are issued from prime banks such as HSBC Hong Kong, Barclays Bank London, Standard Chattered Bank or any AAA rated bank of your choice.

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We would welcome the chance to earn your trust and deliver you the best service in the industry. If you are interested to work with us kindly contact us immediately via

Email: info@kingrisefinance.com

Website: www.kingrisefinance.com

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Location

Hong Kong

Two Chinachem Exchange Square, 338 Kings Road

North Point, HKI

Hong Kong

View Map

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