BG/SLBC

We provide our client with BG and SLBC

We provide our clients with SBLCs (Standby Letters of Credit or Bank Guarantees) for any transaction. The Standby Letter of Credit or SBLC, as well as the Bank Guarantee (hereafter ‘Bank Guarantee’), is a payment guarantee generally issued by a bank (the issuing bank) on behalf of a client (the applicant) securing payment to a third party (the beneficiary) for the case that the client fails to fulfill a contractual commitment.

Bank Guarantees demonstrate the client’s repayment abilities and prove his solvency and credit worthiness towards his business partners.

Bank Guarantees are facilitated in international trade transactions, as collateral and as credit enhancement instruments. The use of Bank Guarantees is advantageous for companies that do not want to stake own equity.

We provide all types of Guarantees accepted in international practice

Advance payment guarantee

Issued under the Seller’s instruction in favor of the Buyer for advance payment. Provides return of the sum in case goods are not delivered.

Tender guarantees

This type of guarantee is generally an obligatory condition to participate in tender.

Credit Guarantee

Provides credit funds.

Payment guarantee

Issued under the Buyer’s instruction in favour of the Seller. Provides execution of the payment obligation by the Buyer under the contract.

Performance bond

Issued under the Seller’s instructions in favour of the Buyer as a guarantee of proper fulfilment of contract obligations by the Seller.

Customs Guarantee

MetroBancorp has long term experience with the provision of premium bank instruments. We specialize on assisting businesses around the globe whose existing bank facilities are unable to meet their requirements.

Bank Guarantees provided by MetroBancorp are designed to protect your commercial interests by eliminating the need to prepay for products or services or to put up collateral with your bank. They are helping to reduce your risk and support your cash flow.

Fill out the application form for your desirable bank guarantees or if you have questions please contact us

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