Bank Guarantee MT760 – Bank Guarantee Providers – BG MT760

1. Case Study: Bronze Wing Trading Provided Bank Guarantee MT760 for the Successful Conclusion of Crude Oil Deal Presented by www.bwtradefinance.com

2. The Client’s Objectives A South Korean Trader who deals with the import and export of Crude oil required Bank Guarantee BG MT760 on behalf of their company. So, they contacted Bronze Wing Trading with their BG request. Bronze Wing Trading assisted them with their requirement & issued BG MT760 from rated banks without pledging any cash collateral. The Problem – The South Korean Trader Required Bank Guarantee A South Korean Trader who specializes in supplying crude oil got an offer to import crude oil from overseas and supply it to the local market. This deal seems to the best offer for them. So, they searched for principal suppliers of Crude Oil & finally picked a well-reputable supplier from Saudi Arabia. The Saudi Arabian supplier agreed to supply crude oil as per the buyer’s need, but they demanded Bank Guarantee MT760 from the trader to secure their payment. The trader agreed to this payment term and looked for the ways to avail BG MT760. The Challenge – To Find Bank Guarantee Providers Since the principal supplier demanded Bank Guarantee in their favor, the buyer contacted their Bank with the BG request. Since there was no existing banking facility available, the bank demanded the buyer to provide certain percentage of the total deal value as a cash margin. But the buyer didn’t have that much lump sum in hand, so the bank denied to issue the required MT760. So, the buyer thought of getting help from private sectors & started searching online. While doing research, they came across with a YouTube Video posted by us and contacted us with their requirement. The Solution – How We Helped the Trader to Conclude Their Crude Oil Deal After receiving their requirement, we invest our time to analyze their documents and approved their request. Then we forwarded the service agreement to get it signed by the client & asked them to pay the admin charges. The Client signed the agreement & transferred the admin charges to us. Instantly, we started working on their transaction & structured the guarantee as per their deal requirements. We sent the Guarantee draft for the client approval. The Client approved the draft & paid the issuance fee charges. Once all done, we instructed our bank to issue the required Bank Guarantee from our bank account to the Supplier’s bank via authenticated Swift MT760. After receiving the MT760 in their bank account, the supplier shipped crude oil in vessels & the buyer received the goods & started supplying it to the local market & earned more profits! This is how the Crude Oil Deal concluded successfully With the Provision of BWT’s BG MT760! Submit Your Requirements to us: support@bwtradefinance.com Visit https://bwtradefinance.com