Credit Glorious provides all the global trade’s essential sureties and international bank guarantees to obtain credit lines, import and export and as collateral for the supply of goods in operations with foreign countries in compliance with ICC international and national regulations.
Credit Glorious can issue guarantees in more than 150 countries. Thanks to modern fintech’s technologies it is able to rapidly process the client’s analytics, avoiding the need for counter-values, to prepare the documentation and start the application, guaranteeing to your clients the delivery of the product and quick times.
Bank guarantees allow creating trustworthy trade relations. They are the best instrument to say that, in any case, everything is going to be okay: we are by your side to offer you this.
In international economic activities, having an intermediary financial institute between the trade partners is essential. If having a global customer and supplier base is an opportunity hard to miss, international trade risks are increasing. We need to consider the relations with clients and suppliers, understanding their reliability, solvability, their field and their position in the market; evaluating risks linked to regulations, habits and customs of the countries you are operating in—lastly, the risks related to trading in foreign countries, like political risks or different currencies.
That is why it is essential to establish strategies that allow minimizing the risks. A bank guarantee creates trust. It demonstrates your reliability if something goes wrong: with a bank guarantee, a financial institute is committed to performing a service to the beneficiary; if one of the parties does not fulfil its obligations, it is committed to paying if the conditions agreed are not fulfilled.
Thanks to its dedicated teams' expertise, Credit Glorious Property Holdings can offer the necessary forms of guarantee to allow you to create safety and trust through its international portfolio of services and skills.
Money-back guarantees often help to get international orders. A financial institution irrevocably ensures that any down payment will be used for the agreed terms or, otherwise, to refund the advance payments to the principal. Used to offer to a third party your creditworthiness
A guarantee that is required, often in the case of large amounts, to protect the excellent performance of the contract: with the performance bond, the clients ensure that the tenderer fulfils the contractual obligations until the end of the work (usually until the test of the work), or in case of discrepancy, that the beneficiary is compensated.
This form of guarantee makes your creditworthiness available to a third party. This ensures the bank providing the credit, the coverage of its amount, including any interest.
A guarantee is usually used in international tenders (or in case of large tasks) required by the clients to prove the offer's soundness. In this case, the financial institution undertakes to pay the principal if the successful tenderer refuses to conclude the contract. The bid bond enables you to consolidate your international reputation and demonstrate your financial soundness.
A guarantee that protects the customer during the entire warranty period of the supplies, even if it fails to repair any defects in goods or services. It is, in fact, usually required after the testing of the plants: even if the goods have been delivered following the contract, in this way, you guarantee your reliability in taking prompt action to remove any defects or possibly refund the beneficiary.
In international trade, guarantees are increasingly important because they ensure, through a third party, the fulfilment of the contractual obligations: they are used for the most common operations and trade of goods or provision of a service and complex processes like international procurements.
Relying on an expert partner with a team of professionals with proven experience, you will be able to avoid the risks of global transactions. Benefit from the support of a leader able to help you choose the ideal solutions to seize every opportunity of growth and consolidate your position concerning clients and suppliers.