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Bank Guarantee (MT- 760) is an irrevocable commitment issued by a bank on behalf of their client who came into an agreement or contract with a supplier to purchase certain merchandise and promised to meet all financial obligations to the supplier in the event of default.
Bank Guarantees can also be used to improve the credit ratings of the issuing parties and can provide back-up facilities for loans granted by third parties.
Here are the step by step procedures to obtain BG from Bronze Wing Trading:
First, buyer will submit pro-forma invoice or sales & purchase agreement of their trade deal to Bronze Wing Trading.
Bronze Wing Trading will review and carries due diligence of the transaction between buyer & seller and will inform the concerned parties whether their BG application is approved or rejected.
Once the BG application is approved, the buyer will provide certain documents such as
1. Company's Registration / Trade license copy
2. Company's MOU between partners (if any)
3. Authorized Signatory's Passport photocopy
4. Utility Bills proving the Authorized Signatory's Residence address & company address
5. Latest 6 months bank account statement copy
6. VAT Registration & Compliance Documents (if applicable)
And pays the BG issuance fee charges to Bronze Wing Trading.
Once all documents and payments are received, Bronze Wing Trading will immediately act and will provide from their bank the required BG on behalf of buyer & in favor of their supplier to conclude their trade deal.
CONTACT US NOW AT: support [at] bwtradefinance [dot] com
Visit our website: http://www [dot] bwtradefinance [dot] com
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907 Dewitt Ct. # B-201
Stockton, CA 95210