What makes us so unique?
Bear Capital Ventures Limited is a Global Financing Provider that serves individuals, business owners, and corporations. We specialise in assisting individuals and businesses of all sizes in accessing global capital markets to secure the funding they require to expand and thrive.
Bear Capital Ventures Limited provides specialised trade finance, project finance, and advisory services to individuals, businesses and governments worldwide, including financial instruments such as (BG) Bank Guarantee and (SBLC) Standby Letter of Credit.
In addition to offering financial services, our mission is to collaborate with clients and businesses to create profitable enterprises. We are passionate about developing long-term connections, getting to know our customers, and helping to make a genuine difference in their lives and businesses.
When a bank endorsed an agreement, the bank becomes responsible before the consumer pays our firm any costs. We've been the only Bank Instrument Facilitators on earth that guarantee 100% of one's initial deposit by way of bank endorsement prior to the shopper releases any payment.
Customs guarantee: issued in favour of customs workplaces as protection for payment of customs responsibilities by an importer.
Conversely, a letter of credit is really a prepared promise produced by a bank or money establishment to a particular seller, stating that payment will likely be created to the seller should they fulfill their obligations as outlined while in the letter of credit.
What documentation does Nordea should terminate a guarantee without having expiry day? In case the guarantee is open finished (no expiry day), we need to have the first guarantee doc returned to us, or even the beneficiary should point out in creating that Nordea is produced from its obligations. Get in touch
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An SBLC is often canceled through the issuing bank guarantee provider bank right before it is utilized, but the moment it's in influence and employed by the beneficiary, it cannot be canceled unilaterally.
The bank will require to accomplish its due diligence on the buyer before it could difficulty the standby letter of credit. Items the bank checks consist of the buyer’s credit background, credit report etc.
Post the BG software kind and fundamental files with the department or just login to Online banking and post the request on the web.
• reference for the guarantee in concern, • how the applicant has defaulted about the fundamental settlement, • the amount demanded under the guarantee also to which account the money needs to be credited.
Lack of belief and anxiety of payment default is one of the critical explanations why some Intercontinental trade discounts Do not choose off. An SBLC is The easiest way to bridge the hole and be sure that each of the worst-circumstance scenarios are addressed.
These instruments supply a practical Remedy for individuals who call for funding or guarantees for personal debt, or floating or tough property and Additionally they function a Device for government finances and regulating monetary provide.
The legislation in the country wherein the Issuing bank is domiciled govern all areas of the legislation in relation to Bank Guarantees, not as often mistakenly assumed the laws of your country where by the beneficiary bank is domiciled.
Standby Letters of Credit for Importers Let WSFS make it easier to get yourself a standby letter of credit to cover an exporter’s probable non-functionality. A SBLC can relieve an importer’s issue concerning compliance to the quality/technical specs in the products and/or possibly a shipping plan compliance. Call Us Standby Letters of Credit for Exporters Permit WSFS to recommend your company as a result of getting standby letters of credit on the behalf to act as a payment guarantee for trade transactions to safeguard attempts in creating an “open account” romantic relationship using a new consumer.
Should your answers to those bank guarantee provider queries are all in the affirmative, then it is possible to monetize the lease SBLC. This can be carried out possibly by advertising it in its entirety or by retaining possession on the SBLC even though using out a non-recourse mortgage.