Leasing Bank Guarantee or Standby Letter of Credit is where a Provider agrees to utilise his assets to the benefit of a third party, namely the Beneficiary through a Collateral Transfer Agreement.
Leasing Bank Guarantee and Standby Letter of Credit can be used for a variety of purposes as follows:
. Raising Loans and Credit Lines
. Security for other credit facilities such as trade finance
Letter of Credit received under Collateral Transfer facilities may be used by the Beneficiaries to secure credit lines at their bank. Typically, the beneficiary's will have.
We believe that solid and credible businesses can only come through trust and strong relationships. That is why at Allen Financial Management we maintain a growing network of international intermediaries that provide us with pre-vetted quality business opportunity.