Funny SA Swiss - Producten

A Standby Letter of Credit is a guarantee of payment issued by a bank on behalf of a client that is used as “payment of last resort” should the client fail to fulfill a contractual commitment with a third party. We are standby letter of credit provider with intense knowledge in global financial system. Standby Letters of Credit are created as a sign of good faith in business transactions. Are also proof for buyer’s credit quality and repayment abilities. Our bank will perform potential audit on the credit level of the party seeking the letter of credit, then send notification to the bank of the party requesting the letter of credit (typically a seller or creditor). The Swift code for an standby letter of credit is MT760.

Bank Guarantees can be used as a successful tool to secure finance for your projects. These are typically used in global finance, trade finance, credit enhancement, project finance, and so much more. Although these are successful tools, it can be hard to secure them. It is almost impossible for small businesses to receive cash funds from investors who are required for bank guarantees. Funny SA provide bank guarantees from some of the top banks in the world. We use SWIFT MT760 to deliver Bank Guarantees.