This is the bank that has never asked for any money in advance!

JW MORRIS May 24, 2021 0 Comments

This is the bank that has never asked for any money in advance! – Isn’t that really good news?

Yes, there is a bank that has never asked for any money in advance for a multimillion dollar service! If you have ever asked your own bank to issue a Letter of Credit, then you will have already learned the first lesson: Banks are inclined to issue Letters of Credit without asking for any fees up front, at lowest rates, for companies who have sufficient cash, investments and financial assets in the bank to cover any eventual financial risks.

But how is the scenario if you are not in such a fortunate financial situation? In that case it is not only a question of terms to arrange an instrument and the price, but it becomes a question if an instrument is considered to be arranged for you in the first place. You probably will have to deposit 100 per cent or more in cash to get the same service a financially well situated bank customer can access for free.

Ask your bank and find out!

Banks daily issue and send multimillion dollar assets for customers, and they do not charge anything upfront for valuable clients parking significant wealth in the bank. If you are not cash rich, do not have significant financial assets on account or on safekeeping in the bank, then they NEVER issue, or send any instruments for you, and definitely not for FREE, or engage into risks that are not covered by your existing wealth parked with them. They will never engage into a transaction and provide any financial services for you and hope that you will pay them later. If you are a cash rich client of the bank, it is a completely different story. So you see the difference?

Anybody who can truly cover potential risks is qualified

THE PRINCIPAL AMOUNT

No one will ever lend you a valid financial instrument if you are not qualified and be able to account for an eventual financial risk you might create on the basis of the guarantee instrument. “Did you ever think of what happens in case you default on your commitments, and the instrument backing up your loan or transaction is being called by your lender?” NO BANK will take the risk on a transaction for a customer, unless the bank is covered by hard cash, tangible assets or investments you have in the bank.

THE FEES INVOLVED

All banks charge fees to reserve, to emit, and to transmit a bank Instrument on behalf of a client. NO BANK will do that for free or wait until you pay, and no bank provides you with any kind of a service unless you have already sufficient cash in the bank to cover any eventual risk. Isn’t that strategy a smart way to cover up the true scenario of an advance payment?

YOU EXPECT THIS SERVICE ON YOUR TERMS

You cannot walk into a bank and expect to receive a loan or bank instrument under your own terms. Banks work on their own terms and if you need the loan or the service, you are the one who will have to comply with the terms of the bank. “He who has the money makes the rules!”

If you do not get the service from your own bank, providing a Standby Letter of Credit, a Bank Guarantee or any kind of a Letter of Credit to your benefit, becomes a very risky business for any provider. How can you seriously ask for a financial guarantee service, to issue an instrument for you, carry the risks you may create, and on top of that, advance the costs and fees involved – for a service you do not get from your own bank in the first place?

Even if your own bank does not provide the service to you, all your ingenious financial plans and scenarios can be considered, if you convince us, and back up your plans with your firm financial commitment. If you want to try a financial scheme in which your own bank does not support you, we may be able to help. But don’t expect to gamble with our time and financial resources if your own bank does not support you.

We may support you with our financial resources and instrument services if you qualify and if you can evidence that you run an established business with substantial annual revenues in excess of the financial instrument service that you seek. If you can’t, then you may be able to compensate lack of background, past performance and financial capacity by placing a commitment fee, if we can accept you as a client in the first place.

If you are not qualified, how can you lease a car or rent a house without committing yourself with a cash deposit? You cannot tell an airline to fly you to your destination before you pay. You will have to be an acceptable passenger and you will need to purchase an airline ticket before you board an airplane. The same scenario is applicable to any bank instrument transaction.

If you understood the message, let’s talk! Complete the form, or call Morris on +353.86.0325153. This phone number also works on Whatsapp, Signal, Telegram and WeChat.

Pennies can help you access valid BG or SBLC collateral – issued for you on the back of highly rated, verifiable and publicly listed Securities

You are in contact with us, probably since the banks you deal with do not provide a bank guarantee service ...
Read More

“Solving financial issues through Credit Enhancement”

You can directly download the Summary of the eBook "Solving financial issues through Credit Enhancement" by Geordon Saraveloz here You ...
Read More

Here is how you can access Credit Enhancement

Credit Enhancement and what is available in your situation?Here you will learn about terms and concepts and available working procedures ...
Read More

The Leverage Effect.

Opportunity explained: The Leverage Effect. In business, credit enhancement is usually applied to make a company more creditworthy to reduce ...
Read More

This is the bank that has never asked for any money in advance!

This is the bank that has never asked for any money in advance! – Isn’t that really good news? ...
Read More

Prime Bank Instrument without advance fees. This is how we even advance the call option fees for you and issue a Prime Bank instrument for you!

There is a call option fee to be placed for this transaction to block the securities which build the basis ...
Read More

Questions about the Bank Guarantee instrument that you seek

QUESTION: Are you looking for a prime Bank Instrument? An instrument issued by a top World Bank or can we ...
Read More

You expect this Service on your Terms?

Our “proven-way-to-success” terms guarantee a successful closing! If you need funds, you first ask your own bank, obviously. Banks are ...
Read More

Why should a client provide a Mandate and place a retainer to get a bank instrument and credit enhancement service?

Good question - easy to be answererd. I am in this business since over 40 years and my sources are ...
Read More

Prime Bank Guarantee Instruments

We are the experts to structure and emit your Prime Bank Instrument. Our Bank Guarantees and Standby Letters of Credit ...
Read More

SBLC and BG Transactions, Requirements and Considerations

Transaction Have you negotiated a credit line with your bank? We can arrange collateral you may need to trigger and ...
Read More

The Business Support Contract is a no front fee transaction!

This is a no front fee transaction for qualified clients and companies of substance. THIS IS A NO FRONT FEE ...
Read More

POF Proof of Funds and BCL Bank Comfort Letter explained by Geordon Saraveloz

A bank confirmation letter (BCL) or a Proof of Funds letter (POF) is a letter from a bank or financial ...
Read More

BG – Bank Guarantee explained by Geordon Saraveloz

A bank guarantee is a type of financial backstop offered by a lending institution. The bank guarantee means that the ...
Read More

SBLC – Standby Letters of Credit explained by Geordon Saraveloz

A standby letter of credit (SBLC) is a legal document that guarantees a bank's commitment of payment to a seller ...
Read More

LC and DLC – Letter of Credit and Documentary Letter of Credit explained by Geordon Saraveloz

A documentary letter of credit serves as a written promise of payment provided by a buyer to a seller. With ...
Read More

Securities Borrowing and Lending is probably the only way to generate a valid Bank Guarantee or Standby Letter of Credit – if your own bank refuses to provide you with this service.

With this Securities Borrowing and Lending concept you probably have the only way to generate a valid Bank Guarantee or ...
Read More