Advice

The objective of iBase is to provide free and professional advice to all those individuals, business persons and intermediaries that need to know the facts about Bank Guarantees. All information on this site has been provided by professional bankers and financiers who use such instruments in their day to day business. If you have any questions or would like to contribute to the information on this site, we would be pleased to hear from you.
New feature: Advice on Euroclear and how it relates to Bank Guarantees

New feature: Advice on Euroclear and how it relates to Bank Guarantees

4 comments for “Advice

  1. IBRAHIM BIN ABDULLLAH
    June 5, 2014 at 2:30 am

    Good Morning

    We are applying to open an account with MPA. One of the documents required is Banker’s Guarantee/ Security Deposit
    of $5,000.

    Does MPA has it own format of the Banker’s Guarantee or can we us the Bank’s standard format

    Thank you

  2. Adam FB
    June 17, 2014 at 10:49 am

    Hi Mr. Ibrahim.

    Curious.. what is MPA stands for?
    Unless MPA is a bank/financial institution, the format of one (BG) shall follow as to what the issuing bank addresses within. BUT i wonder why does MPA needs a BG for such a small amount of $5,000? It is hardly issued by any bank, for that kind of amount, although they could.
    My advice is for you to check alternatives have as security deposits, which could mean cash too.

  3. June 18, 2014 at 12:53 am

    If you have any questions or would like to contribute to the information on this site, we would be pleased to hear from you.

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