bank guarantees Archives - Prominence Bank

+(44) 208 895 6493 Mon - Fri 09:00 - 17:00 Centre Montpellier PB 788, Fomboni, Mwali, KM

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bank guarantees

Can Prominence Bank issue financial instruments for project funding?

November 25, 2024admin

Yes, Prominence Bank provides financial instruments such as SBLCs, BGs, and documentary letters of credit (DLCs) that can be used for project funding and securing financing agreements.

Does Prominence Bank provide SBLCs and Bank Guarantees?

November 25, 2024admin

Yes, Prominence Bank specializes in issuing Standby Letters of Credit (SBLCs) and Bank Guarantees (BGs). These financial instruments are used to facilitate international trade, secure transactions, and provide financial assurance to counterparties.

What fees are associated with KTT Telex transactions, and what should I know before initiating one?

November 6, 2024admin

We would like to inform you that all types of KTT Telex transactions incur a fee of 1.5% of the face value received. This fee applies to bank instruments such as Bank Guarantees (BG), Standby Letters of Credit (SBLC), and any other type of KTT transaction, including funds transfers. As our bank policy dictates, we...