Authenticate Financial Instruments
Verifying complicated financial instruments such as Bank Guarantees (BG), Standby Letters of Credit (SBLC), Bonds and other forms of indemnities is sometimes not an easy task. We appreciate that these financial instruments are becoming more common in international and corporate finance, but are seldom fully or correctly understood.
- Verification & Authentication
- Guarantees, SBLC’s and Bonds
- Full Authentication & Verification
- Establish Value and Market
- Full Due Diligence Report
At IntaCapital, we offer our clients a service to authenticate and verify the authenticity of these instruments in the correct and legal manner. Attempting to utilise or present a fraudulent instrument or bank guarantee (or SBLC) may be seen in some jurisdictions and countries as attempted fraud. Especially if these complex instruments were presented to a local bank or banker with little or no experience of them.
IntaCapital can authenticate any instrument and undertake specific due diligence on a confidential and professional inter-bank platform, offering confidence and security to our clients and broker networks.
Many receive so-called Bank Guarantees, Standby Letters of Credit, Bonds and other indemnities by third parties who wish to credit line them (often called Monetize). In some strange cases we have even heard of people attempting to sell or buy them !
Bank Guarantees and Standby Letters of Credit are different from Bonds and other form of listed securities. In fact, BG’s and SBLC’s are NOT tradable securities and cannot be bought or sold. They are raised by a specific party (the applicant) only for a specific purpose, to a specified party (the beneficiary). They are issued inter-bank, typically via the SWIFT communication platform.
Bonds and other forms of certificated undertaking is harder to verify, particularly junk bonds or historic bonds. Most Bonds circulated to ‘tout’ for credit or buyers are historic bonds. Whilst these can be authentic, they are generally defunct, dishonoured or outdated. Establishing authenticity, provenance and value is more difficult.
At IntaCapital we can provide you these services. For more information, please Contact Us.