‘Global Wealth and Business Planning in Tomorrow’s World’ The 7th Offshore Investment Conference Hong Kong, held at the prestigious Conrad Hotel, will explore the challenges and opportunities for wealth professionals…
(‘Leasing’ Bank Guarantees) At this time of economic hardship and uncertainty, international companies are turning to sophisticated investors to raise adequate collateral through collateral transfer arrangements (‘lease of bank guarantees’)…
Standby letters of credit (SBLCs) originated in the U.S., where old banking legislation forbade commercial banks to issue contingent liabilities in the form of guarantees (bonds) from the late 1930s…
The guarantor bank is not obliged to supply goods or perform work on the principal’s behalf. It will not, for instance, build an airport itself if its client fails to…