20+ Years of Experience
Merchant Credit and Guarantee Corporation Limited
Merchant Credit and Guarantee Corporation Limited (MCG) is a Non-Bank and Non-Financial Company that has been in business for over 20 years successfully offering consultancy and broking services. Our consultancy services assist and support discerning clients and companies to facilitate trade and business.
MERCHANT CREDIT AND GUARANTEE CORPORATION LIMITED (MCG)
Merchant Credit and Guarantee Corporation Limited (MCG) is a Non-Bank and Non-Financial Company that has been in business for over 20 years successfully offering consultancy and broking services. Our consultancy services assist and support discerning clients and companies to facilitate trade and business. In today’s business environment, communication is key. Principals and clients are required to establish good connections with their buyers and suppliers. This is a universal around the Globe in whichever part business is being conducted. Be it for trade enquires or buying and selling or merely just commission based indenting. These matters require careful handling such as to get a client report or Banker’s report or business profile report. From the very initial stages to the later stages, Merchant Credit and Guarantee Corporation Limited assists and interacts with various bankers and traders to establish trade credit lines.
Let’s Numbers Talk
MCG’s services commence from understanding the clients requirements to value added services that can be extended. A client profile is established internally with updated information collected to best facilitate business and trade at the required time. The next stage is to positively address required banking needs and where appropriate introductions are to be made. MCG, with its experience, efforts and resources facilitates the client to get closer to their requirements of obtaining Trade Finance and other ancillary business services.
This could be through Letter of Credit (LC, DLC, MT-700/MT710), Standby LC (SBLC, MT-760), Bank Guarantee (BG, MT-760), Performance Guarantee, Bankers Draft and Bank Comfort Letters (BCL, MT-799) or any other form of document or instrument as the case may be.
The access to these services are not only financial in nature. Prior to the financial aspects, it is important to understand and be aware about these esoteric platforms and services. Engaging and educating through this process allows a better insight into the advanced stages in interacting and dealing with the respective counter parties.
MERCHANT CREDIT AND GUARANTEE CORPORATION LIMITED (MCG)
Merchant Credit and Guarantee Corporation Limited (MCG) is a Non-Bank and Non-Financial Company that has been in business for over 20 years successfully offering consultancy and broking services. Our consultancy services assist and support discerning clients and companies to facilitate trade and business. In today’s business environment, communication is key. Principals and clients are required to establish good connections with their buyers and suppliers. This is a universal around the Globe in whichever part business is being conducted. Be it for trade enquires or buying and selling or merely just commission based indenting. These matters require careful handling such as to get a client report or Banker’s report or business profile report. From the very initial stages to the later stages, Merchant Credit and Guarantee Corporation Limited assists and interacts with various bankers and traders to establish trade credit lines.
Let’s Numbers Talk
MCG’s services commence from understanding the clients requirements to value added services that can be extended. A client profile is established internally with updated information collected to best facilitate business and trade at the required time. The next stage is to positively address required banking needs and where appropriate introductions are to be made. MCG, with its experience, efforts and resources facilitates the client to get closer to their requirements of obtaining Trade Finance and other ancillary business services.
This could be through Letter of Credit (LC, DLC, MT-700/MT710), Standby LC (SBLC, MT-760), Bank Guarantee (BG, MT-760), Performance Guarantee, Bankers Draft and Bank Comfort Letters (BCL, MT-799) or any other form of document or instrument as the case may be.
The access to these services are not only financial in nature. Prior to the financial aspects, it is important to understand and be aware about these esoteric platforms and services. Engaging and educating through this process allows a better insight into the advanced stages in interacting and dealing with the respective counter parties.
Our Services
Letter Of Credit
Letters of Credit are as old as banking itself. They are based upon the fact that the creditworthiness of an unknown Buyer is thus replaced by the creditworthiness of a known Bank or financial company. Merchant Credit and Guarantee Corporation Limited (MCG), often has to stand in the shoes of its customers and give some form of undertaking that payment will be made provided certain conditions are complied with. This mechanism is called as Letter of Credit or Documentary Credit.
Standby Letter Of Credit (SBLC)
A guarantee of payment issued by a bank on behalf of a client that is used as "payment of last resort" should the client fail to fulfil a contractual commitment with a third party. SBLC are created as a sign of good faith in business transactions, and are proof of a buyer's credit quality and repayment abilities. The bank issuing the SBLC will perform brief underwriting duties to ensure the credit quality of the party seeking the letter of credit, then send notification to the bank of the party requesting the letter of credit.
Bank Guarantee
A document that demonstrates that a person has the ability and funds available to use for a business transaction. It usually comes in the form of a bank, security or custody statement. The purpose of the document is to ensure that the funds required for the transaction are obtainable and legitimate. Merchant Credit and Guarantee Corporation Limited (MCG), are a trusted Proof of Funds facilitator that has been relied on for several decades by many thriving businesses in the financial industry.
Documentary Collection
International trade procedure in which a bank in the importer's country acts on behalf of an exporter for collecting and remitting payment for a shipment. The exporter presents the shipping and collection documents to his or her bank (in own country) which sends them to its correspondent bank in the importer's country. Merchant Credit and Guarantee Corporation Limited facilitates international trade transactions by providing a documentary collection facility.
Performance Guarantee
A performance guarantee is a promise made that either a service lives up to certain expectations, or that a product will continue to perform well over a stated time period. In the business world, there are many such guarantees, each created in individual ways to define the company's commitment and extent of future responsibility. Sometimes, third parties guarantee performance of something too, especially when employing subcontractors.
Proof Of Funds Documents
A document that demonstrates that a person has the ability and funds available to use for a business transaction. It usually comes in the form of a bank, security or custody statement. The purpose of the document is to ensure that the funds required for the transaction are obtainable and legitimate. Merchant Credit and Guarantee Corporation Limited can provide many products and services to assist you in your financial needs.
Why Choose Us
What Sets Us Apart
With associates and business partners in United Kingdom, Singapore, New Zealand, India, Thailand along with correspondents in Europe, Merchant Credit and Guarantee Corporation Limited (MCG) has a unique network in the financial sector with banking and technology professionals. We have access to several banking and finance institutions all over the World with connections for the issuances of almost any kind of commercially acceptable Swift transmitted trade credits viable. MCG works with its clients throughout the various stages of the transaction and credit process for offering and onboarding of trade credit and services.
Over the years, MCG has advocated conducting business and offering its consultancy services abiding by ethical business practices. Trust and a good reputation with our partners, associates and clients recognise us as being effective and professional firm with an international clientele. Merchant Credit and Guarantee Corporation Limited is a registered company in New Zealand with associates in the USA, Thailand, UAE, India and correspondents in United Kingdom and Europe.
If you are looking for business solutions including trade finance for the import and export or opening a Letter of Credit, Standby LC or other forms of Trade Credit, MCG is your preferred choice. We have arrangements with banks like Commerzbank, Societe Generale, Deutsche Bank, Wells Fargo, Citibank, amongst others. We are well connected with a global banking network from small to large and from niche to corporate financial institutions to cater for almost all your every need.