We work with the 10 largest funders in the world and NONE will reply after a BG Issuer sends a 799 with an ICBPO! It is a myth that a Funder will send an ICBPO to a BG Issuer! It is hard to find one single funder that will do this… It is usually uninformed brokers/customers that has no clue about bank Guarantees and SBLC that still talk about ICBPO because ICBPO has been banned and is now illegal worldwide.
bank guarantee providers- DL Financial LTD.
Why? When an ICBPO is issued the BG Issuer can then take the ICBPO and leverage it to buy a BG! This means that people can promote themselves as BG Issuers when they actually DO NOT have ANY Bank Guarantees at ALL.
They use the ICBPO commitment from the funder to go and buy a Bank Guarantee to supply to you the client, so you can complete the deal. Funders have known about this game for years, they see it as misrepresentation and fraud.
As a result almost all Bank Guarantee Funders will NEVER in their right mind will EVER issue an ICBPO because they will not allow the funders ICBPO to be leveraged by the BG Issuer prior to settlement.
sok channy financial service Ltd, are genuine and reliable providers of loan, international project funders, Lease bank guarantee providers & providers of sblc, dlc and letters of credit.
Mr. visoth cheng (CFO)
Telephone: +855 963 259 237
Skype ID: http://www.sokchannyfinancial
Company Email: email@example.com OR firstname.lastname@example.org