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A Bank Guarantee (BG) is an authorisation from a lending institution which establishes that the liabilities of a buyer will be met; it is the accountability of the bank for covering the due, if the buyer cannot settle the balance due. With bank guarantees, you and your company have the ability to safely fund your needs during important transactions and effectively raise your investment probable. In short, A Bank Guarantee consists of a Bank/Financial institution offering to repay a debtor’s liabilities in case the debtor fails to do so.
With a bank guarantee, funds are safe and secured and only paid if the other party in the contract fulfills the designated commitments agreed upon. Thus, you and your company can be insured during international transactions/trades should loss or damage occur due to an uncooperative party.
BANK GUARANTEE BENEFITS:
There are many common problematic risks clients come across when dealing with international exports/imports: jumbled lines of communication; cash flow difficulties from the buyer; damaged/lost goods from the seller.
BG’s ensure that your company can avoid any of the following possible risks:
A bank guarantee can allocate these risks and function as a defense for both parties of a transaction, providing insurance in the event that conditions settled under a contract cannot be carried out by anyone. With 100% cash-backed BG’s and relationships with only top world banks,
We provide Bank Guarantee Services in a timely manner, while saving the clients from complicated paperwork. A Bank Guarantee can be issued by us for a period of one year and one day (minimum being 6 months) and can be extended till the time period of five years. We provide below mention product services under Bank guarantee advisory services.
Rajput Jain and associates is the largest online service platform in India which provides easy solutions in starting their new business at affordable cost. We aim at helping the entrepreneurs at every legal and regulatory step. We stay as your partner during entire business cycle and ensure that the business keeps prospering and remains complaint.
Rajput Jain and associates is a network of experienced chartered accountants, lawyers, company secretaries, cost accountants, financial experts, expert bankers all over India to provide the needed services for small and medium size enterprises.
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Having years of experience in respective areas and backed by skilled and experienced workforce keep us ahead.
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Thank you very much for all your help in setting up my new company and clearing up all outstanding business in my sole trader accounts. For the first time in years I have peace of mind regards my business accounts. Your workforce are a credit to you, the girls at reception are so helpful and Chris has been brilliant. It is very much appreciated.
A US consultancy group
Rajput Jain & Associates. are a tremendous value added to me as an executive and a busy parent. It just makes sense to delegate my tax file to them -- they are proactive, extremely service oriented, and most importantly, I am completely confident they are finding every dollar of tax savings available to me.
A Leading Service Provider
We use Rajput Jain & Associates for all our accounting, Corporation tax, VAT and other compliance needs. The service is professional, courteous and prompt. I would recommend Rajput Jain & Associates to any company requiring a comprehensive accounting and tax service.
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