A Bank Guarantee (BG) is a financial instrument issued by a bank to ensure that a contractual obligation will be met. It provides security to the beneficiary by guaranteeing that if the buyer or contractor fails to meet their commitments, the bank will compensate the agreed amount. At MET Holding, we assist businesses in securing Bank Guarantees (BG) from rated European banks, offering a reliable solution for securing contracts and transactions without the need to block cash funds. Our expert team ensures a smooth and efficient process, helping businesses demonstrate their reliability and meet contractual obligations with confidence.

Bank Guarantee (BG) Process at MET Holding.

At MET Holding, we provide expert consultancy and support in securing Bank Guarantees (BG), including BG MT760, from rated European banks with ZERO Collateral. We ensure a secure and efficient process for businesses in need of bank guarantees to facilitate their trade or projects. To obtain a BG MT760, please follow the simple process below:

1. Initial Request Submission
The client submits the details of their trade or project to us, including a signed proforma or sales and purchase agreement outlining the terms of the deal.

2. Review and Approval
The MET Holding team carefully reviews the trade or project details between the buyer and seller. After our review, we will update the client regarding the approval or rejection of their BG request.

3. Service Agreement and Admin Charges
If the BG request is approved, the client is required to sign a service agreement with MET Holding. Following this, the client will pay the administrative charges, enabling us to start working on the BG issuance without requiring cash collateral.

4. Structuring and Documentation
After receiving the signed agreement and payment of the admin charges, MET Holding will block our bank limit to structure the BG. We will send the BG draft to the client for review and approval. The client will also be asked to provide any additional required documentation and to pay the BG issuance fees.

5. Finalizing and Issuance of BG
Once the draft is approved, all documents are provided, and the BG issuance fee is paid, we will instruct our bank to issue the BG. The BG will be issued via SWIFT MT760 from our bank account to the counterparty’s bank account.

MET Holding offers comprehensive banking consultancy throughout this process, ensuring all documentation is in order and guiding our clients to secure and successful trade deals.