Financial Instruments Bank Guarantee BG SBLC
LONDON, UNITED KINGDOM, November 18, 2020 /EINPresswire.com/ — At Destination Global Corp Ltd, we’re dedicated to providing sustainable financial solutions. We offer flexible opportunities for our customers to engage with us.
Destination Global Corp Ltd is an international trade finance institution and leads in providing financial instruments BG Bank Guarantee and SBLC Standby Letters of Credit issued for Clients World Wide.
Destination Global Corp Ltd’s services are tailor-fit to each client’s requirement. The management’s extensive years of experience in the industry as a trade solution provider coupled with a strong network of alliance banks and financial institutions will make your global deals happen in no time.
We aim to provide our client what they need to push their transactions with competitive charges, and most important of all, without long process. This approach has made us one of the most reliable and trusted names among providers of trade finance services, Work with us and take the risk out of international trade.
BG guarantees a certain sum to the beneficiary if the opposing party doesn’t fulfill its specific obligations under their agreed upon contract.
A Standby Letter of Credit (SBLC / SLOC) is a guarantee that is made by a bank on behalf of a client, which ensures payment will be made even if their client cannot fulfill the payment. Financial standby letters of credit ensure financial contractual obligations are fulfilled.
An SBLC is frequently used as a safety mechanism for the beneficiary, in an attempt to hedge out risks associated with the trade.