Post by discerningeye on Apr 16, 2013 21:01:38 GMT 4
on an exploratory basis just to explore options to see if any members may have an interest in bank guarantee/s that are offered for sale at a discounted price from the face value. Not the discount that floats around in the joker broker market, but at a reasonable discount to make an investment worthwhile for all the parties concerned.
The modus operandi for issuance is: in exchange for the the sovereign debt that the issuers are holding, the bank guarantee/s are raised - the issuers have chosen to retire this sovereign debt to meet their financial needs now and have passed this debt to the issuing bank (of the guarantee/s) at a discount. Now, the issuing bank holds the debt and in exchange for this debt have agreed to issue guarantee/s that are cash backed under URDG rules and ICC 758 format for the demand guarantees.
Caveat and a disclaimer: bank guarantees are offered and not the regulated securities governed by the regulators of each country.
Any interest, please send a private message. Thank you
The modus operandi for issuance is: in exchange for the the sovereign debt that the issuers are holding, the bank guarantee/s are raised - the issuers have chosen to retire this sovereign debt to meet their financial needs now and have passed this debt to the issuing bank (of the guarantee/s) at a discount. Now, the issuing bank holds the debt and in exchange for this debt have agreed to issue guarantee/s that are cash backed under URDG rules and ICC 758 format for the demand guarantees.
Caveat and a disclaimer: bank guarantees are offered and not the regulated securities governed by the regulators of each country.
Any interest, please send a private message. Thank you