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    Bank Guarantee

    Bank Guarantee

    A bank guarantee is a commitment from a lending institution to compensate for losses in the event that a borrower (their customer) fails to meet a debt obligation to a third party.

    Exclusively issued by Global Funding Australia PTY Ltd in Brussels, Belgium

    This guarantee facilitates companies in making purchases that might be otherwise challenging, thereby fostering business growth and supporting entrepreneurial activities.

    Global Funding Australia PTY Ltd specializes exclusively in performance and financial guarantees, which are not backed by cash but serve specific purposes.

    Types of Bank Guarantee we offer

    Advance Payment Guarantee

    Bid Bond Guarantee

    Deferred Payment Guarantee

    Financial Guarantee

    Foreign Bank Guarantee

    Performance Guarantee

    General Ask

    • Global Funding Australia PTY Ltd receives underlying relationship contracts (Ex: Sales Contract / pro-forma invoice).
    • Global Funding Australia PTY Ltd creates the first draft BG and send quote to you, stating the Bank's charges within 3 working days.
    • Once the draft has been accepted, we send the indemnity documents which must be signed and notarized by an appropriate legal representative.
    • Global Funding Australia PTY Ltd send you formal invoices for our indemnity process and issuance charges.
    • Once invoices are paid and all indemnity documents are received, subject to legal and compliance acceptance, we will SWIFT the instrument to the beneficiary's bank.
    • Applicant pays the beneficiary at least 14 days before the expiry date.

    Tender Guarantee

    A Tender Guarantee is provided by the Bank upon the Tenderee's request for construction or procurement project bids. This commitment ensures that the tenderer will refrain from withdrawing or amending their bid throughout the validity period and pledges to sign the contract or submit a performance guarantee upon winning the bid

    General Ask

    • The applicant fills out an application form or a contract for issuance of a letter of guarantee and tenders same to the bank along with the specimen guarantee format required by the beneficiary.
    • The applicant pays margin as per the banks requirement.
    • Examination and issuance of letter of guarantee if as per the banks tender guarantee format.
    • If the format defers from the banks guarantee format same could be referred for legal advice.
    • If covered by 100 % cash margin, the bank may issue the guarantee after obtaining sanctions from the credit authority
    • Upon customer qualification, underlying transaction and relevant documents Global Funding Australia PTY Ltd confirms the customer's margin or credit line and other mortgages
    • Global Funding Australia PTY Ltd issues the letter of guarantee.

    Global Funding Australia PTY Ltd DISCLAIMER

    Global Funding Australia PTY Ltd operates as a group of companies with its registered office in Australia. Specifically, Global Funding Australia PTY Ltd (REGISTERED OFFICE) functions as a Class A International Trade Finance Institution, operating in accordance with the revised laws of Australia. The granted license authorizes the company to engage in business transactions with third parties globally, spanning various industries and geographies. This office is subject to regulation by the Financial Services Regulatory Authority in Australia and does not offer services to any natural person or legal entity within Australia.

    Global Funding Australia PTY Ltd (REPRESENTATIVE OFFICE) is established under the laws of Australia and holds company registration number 07520196. This entity operates as a trade financial institution, specializing in facilitating international business transactions through the issuance and relay of various trade finance instruments. The Representative Office, based in London, exclusively offers Letters of Credit and Standby Letters of Credit to corporate clients. It's important to note that this office does not engage in regulated or controlled services or activities.

    Important Notice: Global Funding Australia PTY Ltd strongly advises its customers to report any suspicions they may have concerning the identity of intermediaries promoting the Bank's products or services, especially those with similar names. To ensure authenticity, kindly verify with Global Funding Australia PTY Ltd by calling the Trade Finance Institution's Customer Service Number at +61 485 951 084 or emailing support@globalfundings.org. Additionally, please exercise caution regarding fraudulent SMS messages, voice calls, or any attempts by impostors who misrepresent services and impersonate Global Funding Australia PTY Ltd staff.