This is one of the highest and most secure payment guarantees available.
Full details of the 799 wording are below…
About SBLC Providers
When you are completing transactions, particularly when banks
are involved, it is important to protect all parties. With standby
letters of credit, or SBLC, you can create assurance that invoices or
loans will be paid as promised, even if the borrower defaults on the
loan or invoice. Obtaining SBLC financing is the best way to create a
guarantee of funds, even if the person who is promising to pay doesn’t
come through with the appropriate funds.
A Back-up Option
The primary use of standby letters of credit created by SBLC
providers is to serve as a back-up option that is only used if the buyer
fails to pay. However, it does require some form of collateral or line
of credit to back up the letter. This is why the third-party involved in
the transaction is typically a bank that offers up the line of credit
to ensure that a payment will be made to the seller. This gives sellers
greater assurance of payment, especially for larger transactions.
.
We provide one of the most secure funding guarantees in the business so
you can complete your Bank Guarantee Funding with us with confidence and
safety. Our funder confirms….
The Funder has Sufficient funds on account to fully settle your
transaction.
Funds are Reserved at the Funders Bank solely for settlement of
your transaction.
The Funders Bank issues the 799 Payment Guarantee with Full
Banking Responsibility AND Liability.
This means if the funder defaults on completing the payment for
our BG for any reason, then the funders bank will complete the payment
and is standing behind the 799 payment guarantee with the banks full
responsibility and liability.
This is one of the highest and most secure payment guarantees available. Full details of the 799 wording are below… About SBLC Providers When you are completing transactions, particularly when banks are involved, it is important to protect all parties. With standby letters of credit, or SBLC, you can create assurance that invoices or loans will be paid as promised, even if the borrower defaults on the loan or invoice. Obtaining SBLC financing is the best way to create a guarantee of funds, even if the person who is promising to pay doesn’t come through with the appropriate funds.