Loans on a Worldwide level are available against :
Any Type of Security - Any Type of Government Issued Note or Bond - Any Bank Instrument - Any Currency Bills or Notes - Virtually Any Form of Paper that can be Bought, Sold, or Traded.
Click here to identify you security instrument.
4081 Insurance Guarantee
This is a specimen-only copy of 4081 Insurance Guarantee that can be used in all of our financing programs.
Your insurance company's format for the 4081 Insurance Guarantee may vary from agency to agency, but should include these points in substance. Insurance agency must be AA+ rated or better.
(ON INSURANCE COMPANY'S LETTERHEAD)
From: (Name of AA+ rated or better insurance company)
LETTER OF INTENT TO GUARANTEE
This is a specimen-only copy of Letter of Intent to Guarantee that would be used in our Purchase or Purchase/Buyback funding programs
(On Guarantor Bank's Letterhead)
Letter of Intent to Guarantee
We (Name of the Guarantor Bank) wish to express our willingness and intent to issue and deliver for you as our Client, (Client/borrower's full name), an irrevocable and unconditional Guarantee evidenced by (Type of instrument, e.g., Letter of Credit, Promissory Note, Letter of Guarantee, etc.) which will be used as a guarantee for ........................
BANK GUARANTEE
This is a specimen-only copy of a Bank Guaranteethat will be used in our no-debt/no-interest financing program.
Differences from bank to bank may be seen, but theessential points found in this example should appear
(ON GUARANTOR BANK'S LETTERHEAD)
Bank Guarantee Number:
Currency: U.S. dollars
Amount: (Numeric and spelled out in U.S. Dollars)
Some Examples Are:
US Currency (any denomination)
Foreign Currency (any denomination)
US T-Bills
US Zero Coupons
Government Medium Term Notes (MTNs)
Government Bonds, Coupons, or Certificates
German Bearer Bonds
Stocks or Stock Blocks
Government Promissory Notes
Bank Promissory Notes
Corporate Bonds, MTNs, and Promissory Notes
Certificate of Deposit (CD)
American Depository Receipts (ADRs)
Bank Guarantee (BG)
Letters of Credit (SBLC, ILC, LC, Pay Order)
Private Debt - Mortgages, Loans, Liens and Encumbrances
All instruments pledged must meet the following criteria to qualify as acceptable security.
a)must have been issued from a top 100 bank or institution,
b)must be transferable and negotiable,
c)must be bank-to-bank verifiable,
d)must be of non-criminal origin,
e)must be owned free and clear with no encumbrances,
f)must be fully legible with no alterations or editions,
g)actual instruments must be produced at closing and given to the escrow attorney effecting closing.
- Lenders require that the collateral for the loan exists in the form of negotiable instruments that are rated and traded in the secondary markets and that can be easily liquidated in the United States or other major secondary markets in Europe and Asia.
- Funding sources consist of Private lenders, trusts, banks, Private placements and Syndicated loans. We arrange all funds regardless of whether a project is involved. Funds borrowed must first be secured by acceptable collateral offered to the lender ( meaning principal amount and interest should be secured through the pledging of �?rated Commercial Papers, Bonds, Notes, bank or Insurance guarantee, etc..
Submission Procedure
A Letter of Intent to Request Funding: this is a simple letter from the borrower, signed, dated, with borrower's corporate seal, and notarized, stating the amount of funds to be borrowed, the required interest rate and for the required period how many years.
Funding Procedure
- Usually the instrument will be screened to determine acceptability. Your Guarantee will be checked by contacting the bank officers for full verification. Remember the necessity of bank-to-bank SWIFT/Key-Tested Telex secure verification.
Does your bank request a "proof of funds" from the Lender before they will issue the guarantee or any kind of letter of intent to guarantee? If so, the deal is over and you need to find a new bank. These institutions are attempting to use other peoples funds to create guarantees, placing all risk on our lenders. You should be careful of any and all "proof of funds" deals.
Usually after a copy of the instrument was obtained and verified with the bank's officials, a proof of funds will be done on a bank-to-bank basis. At the right time, the guarantor bank will be provided with the full swift and KTT coordinates and there will be a mutual secure confirm!ation of the funds and the guarantee. After the signing of the contract to fund by the borrower, this process will be repeated when the funds are transferred to the borrower's account, and the guarantee is transferred to the lending bank's account. The a contract Offer to Fund will be ussued if it's a legitimate instrument verifiable by Swift. If this is acceptable to the borrower, a bank-to-bank funding will take place, using the same secure method used to confirm! the guarantee and the funds earlier.
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