REARDON Trade Finance Guarantee provides protection against losses resulting from the failure of public or private institutions to pay an unconditional financial obligation related to a trade finance transactions.

 

Letters of Credit issued on international trade transactions would typically involve the importer and exporter of goods and services, and between them a financial institution that issues a letter of credit to guarantee shipment to the importer and payment to the exporter. There is often a private international financial institution that confirms the issuing bank’s letter of credit.

REARDON Guarantee protects the confirming bank against the risk of payment default by a state-owned issuing bank. READON can also issue a Guarantee for a trade loan against the risk of nonpayment by a financial Institution or sovereign or sub-sovereign entity.