Saturday, February 1, 2020

Personal loans, Personal loans, Best personal loans for bad credit, Loan lender business, The leading providers of personal loans, Small personal loans.

Need a loan to build up a company

Hello, Welcome to Dr sok channy financial service ltd LOAN SERVICE. email us on sokchannyfinancialsvc@gmail.com  or  chong@sokchannyfinancial.com Are You Desperately in need of a loan help? Have you be denied of a loan from your bank or any Financial Firm? Do you need financial assistance? Do you need a loan to pay off your bills or buy a home? Do you want to have a Business of your own and you need Financial Loan Help? Contact us today for your Financial Loan Help. We are willing to help you out on either #BusinessorPersonalLoans. Offer are Available at %3 interest rate.

Personal loans, Personal loans, Best personal loans for bad credit, Loan lender business, The leading providers of personal loans, Small personal loans.
 #internationalbankguaranteeproviders #directprovidersofbankguarantees, #financialinstrumentsproviders, #bankinstrumentsproviders, #SBLCproviders, #sblcfunding, #sblcproviderscompanies, #leasebankinstruments, #bgproviders, #bgprovider,

APPLICATION DETAILS

First Name:________________________ __
Last Name:_________________________ ___
Gender:_______________________ ________
Marital status:_______________________
Contact Address:______________________
Country:_____________________ ________
Amount Needed as Loan:________________
Loan Duration:_____________________ ___
Monthly Income/Yearly Income:_________
Occupation:__________________ _______
Purpose for Loan:___________________
House Phone:________________________ ________
Cell Phone:________________________ ________
Have you apply for a loan before? ________

website:www.sokchannyfinancial.com
company email:chong@sokchannyfinacial.com}{or]sokchannyfinancialsvc@gmail.com
company skype:www.sokchannyfinancial
Telephone: +855 965 904 672

Thursday, January 30, 2020

Horticultural loans are provided for the purpose of horticulture. This includes clearing of wild trees, setting up of vegetable plantations, orchards, building fences/boundary walls and so on.

A farm can be run efficiently only if the farmer has a sufficient amount of funds to meet all the expenses. Farmers find it quite difficult to find the required finance most of the time. This is where agricultural loans come as a blessing. Agricultural loans help a farmer take care of all the necessary expenses and run the farm in an organized manner. The interest rate for these loans is quite low making it bearable enough for farmers.

Agricultural loans are given to farmers for the following purposes

Buying farmland
Construction of barns
Buying agricultural machinery, tools, and hi-tech equipment
Construction of irrigation channels
Insurance for crops
Buying cattle and sheep
Maintenance of farm
Different Types Of Agricultural Loans

Given below are some of the agricultural loans that are commonly provided by banks and financial institutions in cambodia.

Agricultural Term Loan

Agricultural term loans are provided to meet bigger expenditures like purchasing tools and machinery, installation of turbines or windmills, construction of better facilities for irrigation or for building a barn. This is a long term loan.

Agricultural Gold Loan

Loan against gold is provided by banks for the purpose of agriculture and farming.

Crop Loan Credit Card

To meet the seasonal requirements of farmers banks provide a short-term loan which is the crop loan. The requirements include buying seeds/crops, sowing, weeding, and harvesting. A crop loan is usually a smaller amount compared to the other types of agricultural loans.

To overcome the lengthy process in getting agricultural loans from the banks the government of India came up with a scheme called Kisan Credit Card. This scheme allows farmers to access finance easily at a very low-interest-rate along with good repayment options. Rural customers can access this scheme from all the nationalized banks as well as some of the private banks.

Working Capital Loans For Agriculture

The working capital requirements of farmers and the others who are involved in agriculture and related work are met with the help of working capital loans. This loan is used by farmers to meet those expenses that are not covered under the crop loan.

Agriculture Working Capital Loan

This agricultural loan helps to meet the working capital requirements of farmers and other people engaged in agriculture or allied/related activities.

Loan For Horticulture

Horticultural loans are provided for the purpose of horticulture. This includes clearing of wild trees, setting up of vegetable plantations, orchards, building fences/boundary walls and so on.

Forestry Loan

The main purpose of this loan is to cultivate crops that grow on trees.

Mechanization Loans For Farms

These loans are provided to buy/replace machinery, tools, and farm vehicles.
#Loans
#PersonalLoansFinancing
#BusinessLoans
#SecuredLoans
#UnsecuredInternationalProject
#PurchaseBankInstruments
#BankGuaranteesandStandbyLetterofCredit
#LeaseBankInstruments
#BG
#SBLC
#DLC
#Lettersofcredit
#LettersofCredit(DLC/C
#UsanceLC
#InvestmentsandWealthManagement
#InsuranceUnderwritingservice
#PPPandTradingPlatforms
#ProofofFunds(POF)
#CorporateFinance
#BlockedFunds
#EscrowServices
#PrivateEquity
#BG/SBLC/DLC/L/C’s.
#MTN
#MT99
#MT-799ProofofFunds(POF)(Blocked Funds
#MT760
#MT799

Documents Required And Process Of Application
APPLICATION DETAILS

First Name:________________________ __
Last Name:_________________________ ___
Gender:_______________________ ________
Marital status:_______________________
Contact Address:______________________
Country:_____________________ ________
Amount Needed as Loan:________________
Loan Duration:_____________________ ___
Monthly Income/Yearly Income:_________
Occupation:__________________ _______
Purpose for Loan:___________________
House Phone:________________________ ________
Cell Phone:________________________ ________
Have you apply for a loan before? ________

website:www.sokchannyfinancial.com
company email:chong@sokchannyfinacial.com}{or]sokchannyfinancialsvc@gmail.com
company skype:www.sokchannyfinancial
Telephone: +855 965 904 672

Monday, January 20, 2020

construction loanenergy project financing, energy loan, genuine loan providers, real loan lenders, real money lenders, reputable loan company, direct loan providers, genuine loan providers, loan agency, startup business loans, refinance loan, private loans, construction loans, credit loans, bank loans

 

We are project funders with our cutting edge and group capital fund we can finance your signatory projects and help you to enhance your business plan. Our financial instrument can be used for purchase of good from any manufacturer irrespective of location. We specialized in Loans and Project Funding, BG, SBLC, MTN, CD,LC, Non collateral loan, no recourse loan, conformable Bank Draft and other financial assistance from AAA rated bank (Prime Bank). The financial instrument can be invested into High Yield Trading Program or Private Placement Programme (PPP). Please see our instrument description and leasing procedure as follow. genuine Bank Guarantee provider

DESCRIPTION OF INSTRUMENT:
1. Instrument: Bank Guarantee {BG} / StandBy Letter of Credit {SBLC}
2. Total Face Value: Eur/USD 1M {Minimum} to Eur/USD 50B {Maximum}
3. Issuing Bank: AAA Rated Prime Banks like HSBC, Barclays Bank, Deutsche Bank, Citi Bank etc.
4. Age: One Year and One Day
5. Leasing Price: 4.0%+2%=6%
6. Delivery: S.W.I.F.T MT-760
7. Payment: MT103 (TT/WT)
8. Hard Copy: Bonded Courier Service

Genuine sblc providers in dubai,  top sblc providers in London, top sblc providers in Canada, real sblc providers in America, sblc providers in Singapore, real SBLC providers, sblc providers companies, lease bank instruments

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refinance loan, private loans, construction loans, credit loans, bank loans, unsecured personal loan, secured loan, poor credit loan, need a loan, get a loan, business loans, loans online, loans for people with bad credit, loans for people with good credit 

 We specialize in Bank Guarantee lease and sales, there are two types of bank guarantee which are Direct Bank Guarantee and Indirect Bank Guarantee. Its used as Bid Bond, Payment Guarantees, Letter of Indemnity, Guarantee Securing Credit Line, Advance Payment Guarantees,
Performance Bond Guarantee E.T.C.

DLC for import/export direct loan lenders, Effective PROVIDERS of financial instruments, genuine bank guarantee providers, Genuine Bank Instruments Providers 

Intermediaries, Consultants and Brokers are welcome to bring their clients and are 100% protected with 2% brokers commission paid out at closing.
In complete confidence, we will work together for the benefits of all parties involved.

 
#Loans: #Personal Loans#Business Loans#Secured Loans#Unsecured Loans#International Project Financing etc)
#Purchase Bank Instruments #Bank Guarantees and Standby Letter of Credit)
#Lease Bank Instruments #BG#SBLC#DLC#Letters of Credit)
#Letters of Credit (DLC, L/C, #Usance LC)
#Investments and Wealth Management
#Insurance Underwriting Services
#PPP and Trading Platforms
#Proof of Funds (POF)
#Corporate Finance
#Blocked Funds
#Escrow Services
#Private Equity
#BG/SBLC/DLC/L/C’s.
#MTN
#MT99
#MT-799 Proof of Funds (POF) / (Blocked Funds
#MT760
#MT799

All relevant business information will be provided upon request
including the following:
What exactly do you need?
How long do you need it for?
Do you have interest to purchase?
Are you a principal borrower or a broker?
For further inquiries Contact us with below info:

Bank Guarantee, BG, Standby Letter of Credit, SBLC, PPP, Monetize bank Instruments, Sell BG, Discount BG, Managed BG Program
sok channy financial service Ltd (SCFSL) are genuine and reliable providers of loan, international project funding, Lease bank guarantee providers, buy, lease or rent sblc, dlc and all letters of credit. Kindly contact us today for all your financial needs.

IMPORTANT NOTICE: Brokers are 100% welcomed and protected. Our brokers are paid handsome commission for every successful transaction. If you want to be our broker or company representative kindly send us email for more information.

Skype: www.sokchannyfinancial

Saturday, January 18, 2020

Who can get a Bank Guarantee (BG)?

BANK GUARANTEE (BG)
international bank guarantee providers, direct providers of bank guarantees, financial instruments providers, bank instruments providers, SBLC providers, sblc funding, sblc providers companies, lease bank instruments, bg providers, bg provider,

Bank Guarantee (BG)- Sometimes business need to guarantee payments and the best way to do so is to provide a bank guarantee which ensures the creditor that payment will be made once the transaction is complete.

It is a type of warranty that a bank provides individual to provide loan, payment or services to start business activity.

A bank guarantee is promise /surety that is provided by a financial institutions that if a particular borrower defaults on a loan, the bank will cover the loss by paying off the debt and liabilities incurred by the individual or business entity in case they are unable to pay.

Please note that the bank guarantee is not the same as a letter of credit.

Who can get a Bank Guarantee (BG)?

Anyone can get a Bank Guarantee as afar as all criteria are met.

By providing a Bank Guarantee, a bank offers to honor any payment to the creditors upon receiving a request. This requires that the financial institution be very sure of the business or the individual to whom the bank guarantee is being issued. So banks run risk assessments to ensure that the guaranteed sum can be retrieved back from the business. This may require one to present something in the shape of cash or capital assets.

Any individual/organization that can pass the risk assessment and provide security may obtain a bank guarantee.

How do Bank Guarantees Work

The system for providing bank guarantees works like this

1-The applicant and the creditor ascertain that there is a need for a bank guarantee.
2-The applicant reaches out to a financial institution to issue a bank guarantee to the creditor.
3-The bank runs a risk assessment and asks for security.
4-The applicant provides the security and the bank or financial institution processes the bank guarantee.
5-The bank guarantee is sent to the creditors bank or to the creditor or the applicant may be asked to collect it in person to give to the creditor.

Benefits of a Bank Guarantee

1.A Bank Guarantee enables companies to make purchases that they would otherwise not be able to make, this guarantees thus serves to heighten business activity and expand enterprenural activity.
2.All the money is not tied up in one project but can be spread around into other projects.
3.There is cash available to explore and expand business.

Categories Of Bank Guarantees.

There are two categories of bank guarantees in general

(1)Direct Bank Guarantee: this is a guarantee which is issued by the bank of the account holder directly in form of the beneficiary.
(2)Indirect Guarantee is a guarantee which is issued by a second bank in return for a counter guarantee.
A financial institution can provide many different types of bank guarantees
1.Performance Guarantee/ Performance Bond: These are bonds that act as collateral for any loss suffered by the buyer in case the performance of the seller is below par.
2.Advance Payment Guarantee: This is to ensure the safety of any advance payment made by the buyers to the sellers. In case the seller is unable to deliver the service or the goods, then the buyer can get his money back.
3.Payment Guarantee: This guarantee is provided to the seller, ensuring payment by a predetermined date.
4.Conditional Payment Undertaking: This is an instruction to the bank from an account holder to pay a sum of money to a creditor on completion of certain conditions. This bond is a post contract instrument that is used to pay off agents and contractors on completion of a project
5.Guarantee Securing Credit line: This surety is given to a creditor on claims against the debtor in case a loan is not repaid as per the terms of the agreement.
6.Order and Counter Guarantee: This is a surety given by the debtor to the creditor, to protect against the failure to fulfil an obligation as contracted. In case of default, the creditor can demand the payment back.

NOTICE TO BROKERS/AGENTS/COMPANY REPS: Brokers are the life blood of our business and as a result we respect them, value them and appreciate them. So new brokers are welcomed, appreciated and compensated with good commission. Here are a few of the many benefits of being a SOK CHANNY FINANCIAL SERVICE LTD broker:

email:chong@sokchannyfinancial.com  or sokchannyfinancialsvc@gmail.com
Website: http://sokchannyfinancial.com/
Telephone: +855963259237
Skype:www.sokchannyfinancial

Wednesday, January 15, 2020

Business Loans, Secured Loans, Unsecured Loans, International Project Financing, Bank Guarantees, SBLC, DLC, Letters of Credit lease bg sblc providers, genuine bank guarantee providers, direct loan lenders, Genuine loan company, sme loan firm, loan lenders no credit check, genuine international money lenders, direct loan lenders for bad credit,

 
Business Loans, Secured Loans, Unsecured Loans, International Project Financing, Bank Guarantees, SBLC, DLC, Letters of Credit lease bg sblc providers, genuine bank guarantee providers, direct loan lenders, Genuine loan company, sme loan firm, loan lenders no credit check, genuine international money lenders, direct loan lenders for bad credit, unsecured loan lenders,Lease BG/SBLC/DLC, Leasing Bank Guarantee Instruments, leasing bank guarantees, Loans and Project Financing, Project Funding, unsecured loans and tagged Bank Guarantee financing, bank guarantee lease, Bank Guarantee Providers, Bank Guarantees, Business Loans, DLC, International Project Financing, Letters Of Credit, SBLC), secured loans, unsecured loans. 
#Non-Recourse Loans
Sok Channy Financial Services Ltd are experts in the Monetization of Bank Guarantees (BG) and Standby Letter of Credit (SBLC).
 
Since 2005, we have built long term, trusted and reliable direct relationships with proven providers and monetizers who offer a complete range of Non-Recourse Loan programs where our bank guarantee and standby letter of credit can be monetized for Cash Placed into Trade Programs PPP (Private Placement Programs) or a Hybrid for immediate cash and funds in a Trade Program.
 
BG and SBLC that can be Monetized include bank financial instruments from Top rated AA Bank Instruments with high monetery values.
 
We Provide Non-Recourse Loans from top rated AA Bank against Bank instruments as a security to the loan, we are also running a program on Non-Recourse loan where we merge both BG provider and Lender together in favour of the Borrowers who do not have BG or collateral for the loan, this program is specifically to provide BG (Collateral) to those clients that do not have the facility to provide BG as collateral to the loan, whereby the BG will be leased on behalf of the borrower.
 
The most interesting part of Sok Channy Financial Services Ltd transactional procedure is that you will be giving the privilege to pay for the leasing and monetization fees of the BG after you have received and confirm the loan amount in your bank account, by this way our company secures both the BG (Collateral) and Loan amount for you.
 
#Bank Instrument
Sok Channy Financial Services Ltd have direct and efficient international providers of Bank Guarantee (BG) and Standby Letters of Credit (SBLC) from AA top rated banks. If you are a potential Investor or principal looking to raise capital, we will be happy to answer any questions that you have about this opportunity and to provide you with details regarding these services.
 
#Renewable Leased Bank Instruments
Our BG/SBLC financing can help you get your project funded, by providing you with yearly renewable leased bank instruments. We work directly with the providers of these bank instruments. Leased Instruments can be obtained at minimal costs from our lessor compared to other banking finance options. This offer is open to both individuals and corporate organizations.
 
#International Project Funding
If you need Corporate loans for your International project funding or if you have a client that requires funding for his project or business, We are also are lenders that specialize in funding against financial instruments, such as BG, SBLC, POF or MTN, we fund 100% of the face value of the financial instrument. We have internationally tested, trusted and reliable providers that are ready, willing and able of delievring Fresh Cut BG, SBLC and MTN which are specifically for lease from top rated AA Banks, our bank instrument can be engaged in PPP Trading, Discounting, signature projects such as Aviation, Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges, Real Estate and all kind of projects.
 
#Corporate Commitment
Due to the large amount of brokers in the business it makes it tough to ever find a real leased asset source. We work patiently and constructively with management teams and with a deep respect for operational excellence.
 
We hold ourselves and all of our portfolio companies and management teams to the highest ethical standards and business practices. Sok Channy Financial Services Ltd believes that strong corporate governance is the cornerstone of our business.

Telepon: +855963259237
Skype: www.sokchannyfinancial
 
#Proved funds
Sok Channy Financial Services Ltd provides Proof of Fund / Verification Deposit for short or long term usage. The funds are used to provide Proof of Funds account with fixed return on fixed investment. We ensure that our clients do not need to give up any ownership positions in their projects or trades. However, joint ventures are considered on a case-by-case basis.
 
Chain Engagement #No Broker
In doing business internationally, we have found that most procurement transactions or requests are never closed because there are too many brokers involved or there are agents that protect the identity of their buyers. We eliminate the confusion is because in our business, we rely on a direct relationship with our suppliers and manufacturers us and if you are looking for a business loan, commercial real estate loans, or want to raise equity for a commercial project, you will most likely work with a broker of commercial loans for increase capital. It discusses the confusion known as the broker chain. If a broker chain is set up to find the source of project funding, the process is likely to be hampered by weak links in the chain.
 
We are committed to developing long-term relationships with borrowers, brokers, and investors and offer a variety of products to meet your financing needs, Questions of finance brokers and intermediaries are also accepted.
 
#Loan
# PersonalLoansFinancing
#BusinessLoans
#CreditGuaranteed
#UnsecuredInternationalProject
#PurchasesofBankInstruments
Warranty #BankandStandbyLetterofCredit
#LeaseBankInstruments
#BG
#SBLC
#DLC
#Letterofcredit
#LettersofCredit(DLC, L / C
#UsingLC
#InvestmentandWealthManagement
#AsuransiJasaUnderwriter
#PPPandTradingPlatform
#ProofofFunds(POF)
#Financecompany
Fund #Blocked
#EscrowService
#PrivateEquity
# BG / SBLC / DLC / L / C.
#MTN
#MT99
#MT-799FundProof(POF)(BlockedFund
#MT760
#MT799
 
 
#Proof of Funds
Sok Channy Financial Services Ltd provides Proof of Funds / Verification of Deposits for short or long-term uses. The funds are utilized to provide Proof of Funds accounts at a predetermined fixed return-on-investment. We assure that our clients will not have any ownership positions in their projects or trades. However, joint ventures are considered on a case by case basis.
 
#No Broker Chain involvement
In doing business internationally we have found that the majority of procurement request or offer section never close Because there are either too many brokers Involved or there is an agent protecting the identity of Reviews their buyer. We Eliminate this confusion Because in our business we Rely on our direct relationships with our suppliers and manufacturers and if you are looking for a business loan, commercial real estate loan, or looking to raise equity for a commercial project, you are Likely going to work with a commercial loan broker to raise the capital. This addresses the quandary known as the broker chain. If a broker chain is formed to find a source for funding a project, the process is likely to be impeded by weak links in the chain.
 
We are committed to fostering long term relationships with our Borrowers, brokers, and investors and offer a range of products to meet your financing needs, Inquiries from financial brokers and intermediaries are Also welcome.
 
 
We also work closely with the management throughout the transaction by showing them real commitment while assisting with many key corporate initiatives including acquisitions and restructuring to successfully increase profitability.
 
#Letter of Credit
A letter of credit is a letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase. It is important to note that a letter of credit is not the same as a bank guarantee, although with both instruments the issuing bank accepts a customer's liability if the customer defaults. With a guarantee, the seller's claim goes first to the buyer, and if the buyer defaults, then the claim goes to the bank. With letters of credit, the seller's claim goes first to the bank, not the buyer. Although the seller will probably get paid in both cases, letters of credit offer more assurance to sellers than guarantees generally do. Most letters of credit are governed by rules promulgated by the International Chamber of Commerce known as Uniform Customs and Practice for Documentary Credits. The current version, UCP600, became effective on July 1, 2007.

Monday, January 13, 2020

If you are looking for international financing or an international loan, we can leverage our established network and strategic relationships with the goal to help get the job done for you.

If you are looking for international financing or an international loan, we can leverage our established network and strategic relationships with the goal to help get the job done for you.

Our network includes Lenders and underwriting sources that have delegated underwriting authority for some of the largest international banks, investment banks, lenders, correspondents, conduits, unions, insurance companies, hedge funds, pension funds, capital and credit companies, private accredited investors, and private lenders.

#directloanlenders #Genuineloancompany #smeloanfirm #loanlendernocreditcheck # genuineinternationalmoneylenders #directloanlendersforbadcredit #unsecuredloanlenders#leasesblc #toplettersofcreditproviders #leasesblcproviders #internationalbankguaranteeproviders #topbgproviders #leasebankguaranteeproviders #topsblcproviders #guarantedleaseprogram #leasebgsblcproviders #genuinebankguaranteeproviders

#Loans
#PersonalLoansFinancing 
#BusinessLoans
#SecuredLoans
#UnsecuredInternational Project 
#PurchaseBank Instruments 
#BankGuaranteesandStandbyLetterofCredit
#LeaseBankInstruments 
#BG
#SBLC
#DLC
#LettersofCredit
#LettersofCredit(DLC,L/C
#UsanceLC
#InvestmentsandWealthManagement
#Insurance Underwriting Services
#PPPandTradingPlatforms
#ProofofFunds(POF)
#CorporateFinance
#BlockedFunds
#EscrowServices
#PrivateEquity
#BG/SBLC/DLC/L/C’s.
#MTN
#MT99
#MT-799ProofofFunds (POF)(BlockedFunds
#MT760
#MT799

direct loan lenders, Genuine loan company, sme loan firm, loan lenders no credit check, genuine international money lenders, direct loan lenders for bad credit, unsecured loan lenders, lease sblc, top letters of credit providers, lease sblc providers, international bank guarantee providers, top bg providers, lease bank guarantee providers, top sblc providers, guaranteed lease program, lease bg sblc providers, genuine bank guarantee providers  

Regarding international financing, our overall methodology is designed to help secure the right Lender/Investor for your specific project. As a result, our existing relationships can help drive your business results. We have direct relationships with Lenders and Lender/Investor underwriting sources that serve their Clients and get many projects funded every year.

For example, one of our sources completed over 2,000 transactions representing over $11 Billion in funding since 2008.

OUR SERVICES ARE:
Loans: (Non Recourse Loans, Business Loans, Secured Loans, Unsecured Loans, International Project Financing)
Lease Bank Instruments (Bank Guarantee, SBLC, Letters of Credit)
Letters of Credit (DLC, L/C, Usance LC)
Investments and Wealth Management
Insurance Underwriting Services
Corporate Finance

We also work with brokers to introduce clients who need financing to us. Our brokers are handsomely paid with 2% fees of any successful deal.

You may need to visit our company web page for more details:

Skype: www.sokchannyfinancial
Website: www.sokchannyfinancial.com
Email: chong@sokchannyfinancial.com ---- sokchannyfinancialsvc@gmail.com
Telephone:  +855963259237

BLOG :https://twitter.com/channyfinancial
https://web.facebook.com/profile.php?id=100014885985321
https://www.linkedin.com/in/adesanmi-richard-aderoju-274289153/

Thursday, December 12, 2019

international bank guarantee providers, direct providers of bank guarantees, financial instruments providers, bank instruments providers, SBLC providers, sblc funding, sblc providers companies, lease bank instruments, bg providers, bg provider

BANK GUARANTEE (BG)
international bank guarantee providers, direct providers of bank guarantees, financial instruments providers, bank instruments providers, SBLC providers, sblc funding, sblc providers companies, lease bank instruments, bg providers, bg provider,

Bank Guarantee (BG)- Sometimes business need to guarantee payments and the best way to do so is to provide a bank guarantee which ensures the creditor that payment will be made once the transaction is complete.

It is a type of warranty that a bank provides individual to provide loan, payment or services to start business activity.

A bank guarantee is promise /surety that is provided by a financial institutions that if a particular borrower defaults on a loan, the bank will cover the loss by paying off the debt and liabilities incurred by the individual or business entity in case they are unable to pay.

Please note that the bank guarantee is not the same as a letter of credit.

Who can get a Bank Guarantee (BG)?

Anyone can get a Bank Guarantee as afar as all criteria are met.

By providing a Bank Guarantee, a bank offers to honor any payment to the creditors upon receiving a request. This requires that the financial institution be very sure of the business or the individual to whom the bank guarantee is being issued. So banks run risk assessments to ensure that the guaranteed sum can be retrieved back from the business. This may require one to present something in the shape of cash or capital assets.

Any individual/organization that can pass the risk assessment and provide security may obtain a bank guarantee.

How do Bank Guarantees Work

The system for providing bank guarantees works like this

1-The applicant and the creditor ascertain that there is a need for a bank guarantee.
2-The applicant reaches out to a financial institution to issue a bank guarantee to the creditor.
3-The bank runs a risk assessment and asks for security.
4-The applicant provides the security and the bank or financial institution processes the bank guarantee.
5-The bank guarantee is sent to the creditors bank or to the creditor or the applicant may be asked to collect it in person to give to the creditor.

Benefits of a Bank Guarantee

1.A Bank Guarantee enables companies to make purchases that they would otherwise not be able to make, this guarantees thus serves to heighten business activity and expand enterprenural activity.
2.All the money is not tied up in one project but can be spread around into other projects.
3.There is cash available to explore and expand business.

Categories Of Bank Guarantees.

There are two categories of bank guarantees in general

(1)Direct Bank Guarantee: this is a guarantee which is issued by the bank of the account holder directly in form of the beneficiary.
(2)Indirect Guarantee is a guarantee which is issued by a second bank in return for a counter guarantee.
A financial institution can provide many different types of bank guarantees
1.Performance Guarantee/ Performance Bond: These are bonds that act as collateral for any loss suffered by the buyer in case the performance of the seller is below par.
2.Advance Payment Guarantee: This is to ensure the safety of any advance payment made by the buyers to the sellers. In case the seller is unable to deliver the service or the goods, then the buyer can get his money back.
3.Payment Guarantee: This guarantee is provided to the seller, ensuring payment by a predetermined date.
4.Conditional Payment Undertaking: This is an instruction to the bank from an account holder to pay a sum of money to a creditor on completion of certain conditions. This bond is a post contract instrument that is used to pay off agents and contractors on completion of a project
5.Guarantee Securing Credit line: This surety is given to a creditor on claims against the debtor in case a loan is not repaid as per the terms of the agreement.
6.Order and Counter Guarantee: This is a surety given by the debtor to the creditor, to protect against the failure to fulfil an obligation as contracted. In case of default, the creditor can demand the payment back.

NOTICE TO BROKERS/AGENTS/COMPANY REPS: Brokers are the life blood of our business and as a result we respect them, value them and appreciate them. So new brokers are welcomed, appreciated and compensated with good commission. Here are a few of the many benefits of being a SOK CHANNY FINANCIAL SERVICE LTD broker:

email:chong@sokchannyfinancial.com  or sokchannyfinancialsvc@gmail.com
Website: http://sokchannyfinancial.com/
Telephone: +855963259237
Skype:www.sokchannyfinancial