Issuance of financial guarantee
BGW Holding arranges the following trade financial guarantees from banks and other financial institutions for it’s customers requiring commodity trading, working capital and project funding :
• Letter of Credit (LC)
• Standby Letter of Credit (SBLC)
• Letter of Guarantee (LG)
• Proof of funds (POF)
• Bank comfort/capability letter (BCL) to secure trade deals
In addition, the above instruments are often used by our trading customers for a variety of purposes :
• Credit enhancement
• Credit Facility/Activation
• Collateral security
• Cash borrowing for trade and working capital
All the above instruments can be issued with specific needs of importers or exporters or beneficiaries.