BANK INSTRUMENT PROVIDER’S PROTOCOLS WITH CLIENT
Bank instrument providers are written obligations of the issuing bank
to pay a sum on to a beneficiary on behalf of their customer in the event that the customer himself does not pay the beneficiary.
It is important to note that these bank guarantees apply only whenever the issuing bank's guarantee is not contingent on the existence, validity and enforceability of its customer's obligation; this is called an "abstract" guarantee (i.e. the bank's obligation is to pay regardless of any disputes between its customer and the beneficiary). The issuance of Bank instrument providers is a private transaction and
does not result in the issuance of any publicly tradable instruments. There are two types of bank guarantees:
No Public Market - There is no public market for the trading of bank
guarantees. Beware! Fraudsters or naive brokers are always erroneously representing that there is a public market for the trading of bank guarantees (and standby letters of credit).
This is not to be confused with the trading of other bank issued
instruments such as medium term notes, etc. Bank instrument providers can only be transferred or the proceeds assigned in private transactions (See above).
Banks instrument provider are not trading securities, trading debt
instruments, or trading investment funds, and therefore are not subject to the settlement procedures offered through Euroclear or DTC and most other settlement firms (and not Bloomberg).
Obviously, therefore, they also are not issued CUSIP or ISIN numbers
for trading purposes. However, Euroclear may accept such bank guarantees for "safekeeping" purposes only, and it is not assigned an ISN or CUSIP number (though it may have a number for identification purposes).
We are one of the leading Financial instrument providers with offices
all over Europe. We are major/Direct providers of Fresh Cut BG, SBLC, POF, MTN, Bonds and CDs and this financial instruments are specifically for lease and sale, our we always deliver on time and precision as Set forth in the agreement.
You are at liberty to engage our leased facilities into trade programs, project
financing, Credit line enhancement, Corporate Loans (Business Start-up Loans or Business Expansion Loans), Equipment Procurement Loans (Industrial Equipment, Air crafts, Ships, etc.) And many more, Our Terms and Conditions are reasonable.