|
|
 |
|
Letters of Guarantee
As an efficient tool to contribute to the economic development, letter of guarantee facilities allows local banks to provide more financing to a wider variety of borrowers than their
capital base would otherwise allow.
ETDB would take full or partial risk of the related party after necessary due diligence.
Also, when a Financial Intermediary needs guarantee to cover their own obligations towards 3rd parties, ETDB may provide guarantees for letters of credit, documentary credits, and other
foreign exchange obligations owed by local Financial Intermediary banks to 3rd parties to help keep country or counterparty limits open for the Financial Intermediary.
How to Apply
All commercial banks, leasing companies and microfinance banks located in ETDB Member Countries can apply to ETDB for getting Letter of Guarantee services.
Additionally, banks in non-member countries may apply to get guarantee to cover the risk of a bank in an ETDB member country.
|
|
|
|