What makes us so unique?
Bear Capital Ventures Limited is a Global Financing Provider that serves individuals, business owners, and corporations. We specialise in assisting individuals and businesses of all sizes in accessing global capital markets to secure the funding they require to expand and thrive.
Bear Capital Ventures Limited provides specialised trade finance, project finance, and advisory services to individuals, businesses and governments worldwide, including financial instruments such as (BG) Bank Guarantee and (SBLC) Standby Letter of Credit.
In addition to offering financial services, our mission is to collaborate with clients and businesses to create profitable enterprises. We are passionate about developing long-term connections, getting to know our customers, and helping to make a genuine difference in their lives and businesses.
In this article, We are going to deal with some widespread inquiries regarding the monetization of SBLCs as well as other vital data to take into account.
The instrument must be transferable and can should be transferred towards the lender through MT799 or MT760.
No, We've got a worldwide presence with sixty% of our associates, clients and buyers centered outside of Singapore.
A reputable bank instrument is 1 that's been issued by a dependable banking establishment and is also guaranteed to possess a selected benefit or generate.
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This is particularly appropriate for smaller to medium enterprises (SMEs) searching for financing to develop functions or invest in new ventures, Regardless of restricted credit histories. SLOCs allow these companies to accessibility funding That may if not be unavailable.
Many people generally confuse a bank guarantee having a letter of credit, but it surely’s vital that you recognize that They're rather unique.
Submit the BG application variety and fundamental documents for the branch or simply login to Online banking and submit the request on the net.
When importers / exporters get bank guarantee provider connected to do business enterprise, Belief is definitely the glue that retains the two events. In this sort of cases, the belief is simpler to take care of, if a third party stands for a guarantor to bear any unforeseen standby letter of credit disaster.
Added costs may perhaps incorporate Modification charges for modifying conditions, advising fees for intermediary banks, and collateral management expenses.
A LC is a doc issued by a bank that guarantees payment to your supplier after the terms from the deal are achieved.
A standby letter of credit supports the efficiency of contractual arrangements in between two functions. The letter of credit can be an unbiased obligation taken on because of the issuing bank. The issuing bank commits to pay for the beneficiary on the letter of credit inside the occasion the contractual arrangement will not be performed for each its phrases.
BWT will evaluation the offer among customer and vendor. Then, we will update the client about our approval or rejection in their BG ask for.
The whole process of obtaining an SBLC is fairly uncomplicated and much like that of getting every other variety of LC or maybe a bank loan from a bank. A customer simply walks into a bank or a fiscal institution and applies for an SBLC.