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Cash Backed Guarantee
Subject to approval, Standard Bank Isle of Man may offer Guarantees and Clean Letter of Credit facilities secured by cash held on deposit with the Bank.
What does it offer me?
Minimum amount
- GBP100,000 or currency equivalent
Term
- Maximum 12 months; with the ability to renew annually thereafter, subject to Bank approval on each occasion
Guarantee value
-
100% of cash deposit amount for same currency security and guarantee. Maximum 80% of deposit amount for cross currency security and guarantee.
Arrangement fee
- Dependent on the guarantee amount
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