Guarantees
Financial Guarantees between private
We Intermediate Financial Guarantees between Private Companies
Financial Guarantees between private companies.
Financial guarantees
also serve to irrevocably secure the fulfilment of commercial
(a purchase-sale) and financial
(a loan, a line of credit) commitments resulting from their business operations, both nationally and internationally.
The guarantee
is a surety contract that contains a commitment to pay a person (guarantor)
in favour of a beneficiary, in order to cover a situation of default or non-payment by a third party.
When configuring a guarantee, the figures of the guarantor, the guarantor and the beneficiary are key elements.
In addition, we will pay special attention to the expiration date, from which it ceases to be in force; the conditions for executing the guarantee, requirements that must be fulfilled for the beneficiary to have the right to execute the guarantee, being able to be at first request or having to provide a justification that the guaranteed has not complied; the maximum amount guaranteed by the guarantor, which is the amount of money that the guarantor assumes as a guarantee.
To specify a guarantee between two entities, we need to clearly specify 5 points:
1. The Beneficiary: To who to present the guarantee
2. The contracting party:
Company requesting the guarantee to give to the beneficiary
3. Amount guaranteed:
The total amount guaranteed by the guarantee.
4. Duration of the guarantee:
The guarantee has a limited maturity, start date and end date.
5. Details of the operation requiring the guarantee:
For what?
TYPES OF AVALS
- Economic guarantee: to guarantee the payment of an amount of money in the future, in an installment transaction or with a future commitment. Guarantee of payment.
- Financial guarantee: to guarantee the payment of a financial security such as a bill or promissory note.
- Technical guarantee: to guarantee obligations of a non-economic nature, such as those required by certain types of beneficiaries for the execution of works or services to cover possible deviations in time, quality and cost. Guarantee of fulfillment of contract
- Documentary credit: to guarantee export and import operations and which requires the participation of two banking entities
- Line of guarantees:
to reduce the operating costs of guarantees in the form of guarantees. This solution is perfect for companies that require frequent management of guarantees with their entity, which can contract a line of guarantees and have those that need up to a maximum limit.
Our line of work focuses only on operations of guarantees and financial guarantees between private companies, for each of the different types detailed.
We offer international guarantees
so that you can offer the services of your company anywhere in the world and thus help you in your business expansion.
Are you interested in our services? We are here to help you!
We want to know exactly what your needs are in order to be able to offer you the best solution. Tell us what you need and we will do our best to help you.
