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.
Collateral specifications can impression liquidity and operational versatility. Such as, pledging $one million in funds ties up means that could be useful for investments or Functioning funds.
Bid bond/Tender Standby LCs act as a protection from failure to finish the task once the applicant continues to be awarded the bid or perhaps the tender for it.
For anyone who is a buyer or contractor who calls for Bank Guarantee & for those who don’t want to tie up your Performing cash in a single deal, You'll be able to Make contact with us.
The only verification necessary could be the legitimacy of the collateral, verified by direc interaction concerning our bankers and also the issuing banks.
by adminPosted onAugust 1, 2021September 26, 2021 A standby letter of credit (SBLC) is actually a authorized instrument issued by a bank. It represents the bank’s guarantee standby letter of credit for making payment to the vendor of a specific amount within the occasion the client is unable to make the payment themself as agreed.
A Plan to Refund Deposits (all our agreements are Bank Endorsed (confirmable) with comprehensive bank accountability being an coverage wrap) With our arrangement with banks, that bank will become to blame for payment once the transaction results in being finish.
To issue an MT760, your bank will need you to dam a a hundred% hard cash margin or even a 3rd party assurance. For those who don’t have ample cash money to dam as collateral, then your BG request are going to be declined.
Breach reporting and knowledge leakage protocols are obvious, and they are designed to ensure timely breach administration and mitigation of harm to facts subjects. Submit-incident motion plans are pursued to closure to address any weaknesses in approach that resulted within the incidents.
A monetary SBLC guarantees payment to the vendor or maybe the provider provider for the goods or even the solutions rendered as per the arrangement within the stipulated time period.
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Most trades are honored by every one of the functions without any irregularities and as a result the SBLC is discontinued when the trade will take location.
As soon as the bank verifies the proofs, they launch the payment to the seller. The customer then would make the payment to your bank in a later day coupled with desire.
Such as, a business can request all its bank guarantee provider bidders to submit tender bond standby letter of credits which protect against them from withdrawing their bids until the completion on the tender.
A standby letter of credit will also be used to protect the buyer from any default or non-fulfilment by the vendor and decreased the client’s dangers. In lieu of earning a complete deposit in funds, the client can utilize a standby letter of credit standby letter of credit to pay for in complete or simply a Portion of it.