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Dear
One of our main businesses is to open Bank Guarantees and Standby Letter of Credit as well as other Financial and Banking Instruments. We issue our Bank Guarantees and Standby Letter of Credit for Lease & Sale while on occasions as requested by the client, we can open Documentary / Deferred / Red Clause Letters of Credit and Guarantees (Bank, Bid or Performance).
For every transaction we need three things
1. Lessor (Applicant) -This is our company or entity that will be applying for the Financial Instrument with the Issuing Bank on behalf of the Beneficiary. The delivery of the Financial / Banking Instrument shall be based on the Applicant's procedures.
2. Lessee (Beneficiary / Client) - This is the company who have requested the
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