We rely on the readers of our blog to report any information that they believe is in conflict with the values of our community. Not everything that is reported is necessarily entered into our website in an automatic fashion. Content that is reported is examined by human reviewers to determine whether or not it violates community standards. In that case, it is entered into the fxfarmupdate system.
The Company will have no way of knowing who submitted the first report.

Warnings regarding fraudulent corporations, organisation’s, and individuals providing bank guarantees can be found on this website as well as a great number of other websites. Bank Guarantees are nontransferable, which means that they cannot be bought, sold, or transferred in any way. A listing of organizations that provide bank guarantees Check the alerts for bank guarantee fraud to see if any new companies have been listed in the database.

It is possible that some corporations have just misunderstood the topic and are not involved in fraudulent behavior; but, based on our experience, it is preferable to collaborate with seasoned businesses and individuals who are able to recognize the difference.

In the event that you made an offer to buy or sell a bank guarantee, you are required to inform the appropriate Financial Services Authority. The list at the bottom of the page includes a few of them.

Yes, a Bank Guarantee can be traded in the market.

Due to the fact that a Bank Guarantee is not a traded instrument, it does not have either a CUSP or an ISIN number. A Bank Guarantee is an instrument that cannot be transferred or divided, and it has no market value, thus it cannot be used to participate into any kind of trade or investment program, guarantee it, or underwrite it.

Please refer to the page on our website that discusses the structure of a bank guarantee for any further details on Cusip and ISIN.

On the other hand, you can use something called a Bank Guarantee to guarantee financing for things like loans or credit lines (also referred to as Credit Guarantee Facilities). If the beneficiary so wished, they may utilize the advance provided by their banker to make an investment in a trading opportunity, a structured investment, or to finance a project.

If you would like additional information about acquiring loans and credit lines, please see the pages under “Leasing a bank guarantee” and “Monetizing a bank guarantee.”

Again, any person, company, or institution that asserts they are able to profit from the use of a bank guarantee for business purposes must be reported to the relevant Financial Service Authority as soon as possible.
Can the value of a Bank Guarantee ever be decreased?

Discounting is a term used in finance that can be represented in many different ways depending on the type of transaction being considered. A bond might have a discount of 10% of its face value applied to it in this scenario, but the owner will still get the full face value when the bond matures. Because a bank guarantee cannot be sold, its value cannot gradually decrease over time.

The error is made when the lender provides an LTV (Loan to Value) that is, for example, 90 percent of the face value of the Bank Guarantee, which may provide the impression of a 10 percent discount. It is not the case that the value of the Bank Guarantee is decreasing; rather, it is being used as collateral for loans or as a credit line, which is precisely why it was granted in the first place.

Steer clear of at all costs the numerous businesses and individuals that claim to be able to provide discounts on bank guarantees.
Watch out for fake bank guarantees that have been prepared by trained professionals.

Especially when presented on what appears to be high-grade bank paper, counterfeit bank guarantees may give the impression that they are legitimate. If you are given a Bank Guarantee on what appears to be a Swift printout from a reputed bank, you should proceed with caution.

Please be aware that there are companies and individuals who claim to be industry specialists in the bank guarantee field. On the other hand, all they will do is steal your money before disappearing.

As was suggested earlier, please keep the following in mind at all times:

Never, Ever Give Any Money Away. Ever. If the preceding document is Given to You, You Will Lose It.

Always make sure that you check the Official Blacklist before doing business with any questionable providers of bank guarantees.