Exeter Group of Companies LLC

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Exeter Group provides a variety of financial instruments designed to support individuals and organizations in funding their financial endeavors.

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Purchase Owned Bank Guarantee (BG)

Receive Your Owned Bank Guarantee (BG) Today!

SERVICE AND INSTRUMENT DESCRIPTION

Exeter Group provides a range of financial instruments tailored for clients seeking funding for their financial endeavors. We offer various methods to arrange non-recourse collateral, recourse collateral, or credit enhancement, collaborating with prominent investors from leading European and North American banking institutions.

Purchase of Bank Guarantee (BG)

Our Bank Guarantees (BGs) are issued by Top 100 World Banks and delivered through secure networks such as SWIFT MT799, SWIFT MT760, Bloomberg, Euroclear, or DTC. These delivery methods ensure efficiency and compliance with global banking standards.

Client Deposit Protection – 3 Levels of Security

Your security is our priority, safeguarded by the following protections:

  1. Two Percent (2%) Non-Performance Penalty
    A 2% damage fee applies to either party failing to perform. This includes cases where:

    • The provider sends a corporate invoice, and the beneficiary’s bank fails to respond or pay.
    • The beneficiary’s bank is ready to receive the bank instrument, but the provider’s bank does not deliver via SWIFT MT760, Bloomberg, Euroclear, or DTC.

  2. Refund Deposit Program
    All agreements are bank-endorsed with full bank responsibility, serving as an insurance wrap. The issuing bank assumes full responsibility for transactions before any payment is released to Exeter Group.

  3. Attorney’s Client Trust Account
    Payments are exclusively directed to an attorney’s client trust account after compliance approval and bank endorsement. Banking details will be provided directly by Exeter Group’s compliance officer and included in your invoice.

This comprehensive program ensures complete protection of client deposits.

16 Advantages of Purchasing an Owned Bank Guarantee from Exeter Group

  1. Operates with Top 100 World Banks for secured transactions.
  2. Monetization services available for Exeter Group-issued bank instruments.
  3. BGs available in EUR and USD currencies.
  4. Competitive pricing:
    • 50% (48+2%) for rated banks.
    • 35% (33+2%) for non-rated banks.
  5. Minimum face value of 50 million.
  6. Payment completion allowed within 5 days of receiving the MT760.
  7. Pre-advice for MT799 included with the BG.
  8. No corporate or personal credit checks required.
  9. No project documentation required.
  10. Signed agreements are processed and returned within 72 hours.
  11. SWIFT MT760 delivery directly to your bank.
  12. Bloomberg, Euroclear, or DTC delivery options available.
  13. Brokers can earn commissions up to 1.5%.
  14. Tailored BGs to meet client specifications.
  15. Contracts include a 2% non-performance penalty for added security.
  16. Deposits are 100% protected with provider bank endorsement.

Exeter Group ensures unparalleled reliability and professionalism in delivering financial instruments to meet your needs.

 

Deposit Requirements for Owned Bank Guarantee (BG) via SWIFT:

Deposit Requirements for Owned BG via EUROCLEAR & BLOOMBERG:

If you Do NOT have Initial Deposit Funds and want a FREE Bank Instrument.

Apply Here

 

SWIFT MT-799/MT-760 Closing Process: 

1. The Beneficiary and provider sign the contract initiating the memorandum of understanding and the letter of intent. This enters them into a contractual agreement.

2. During an upcoming day of business the providing bank will endorse the agreement, granting the beneficiary payment for:
* Swift delivery of the MT799 and MT760
* MT760 Cost of Portfolio Reservation
* Verifying the Beneficiary
*Compliance Assessment Coordinated by the Bank

3. The beneficiary, within two (2) international banking days, instructs his Bank to send swift transmission/portfolio reservation cost of €XXX, XXX  by wire transfer to the Provider’s banking coordinates, and emails a copy of the wire transfer receipt to the Provider.

4. Within three (3) banking days after the Providers Bank has received above bank swift transmission/portfolio reservation cost, Provider will instruct his issuing bank to cut the Bank Instruments for the Beneficiary and schedule its delivery to the Beneficiaries Bank (BPU securing the cost needs to be confirmed before the MT799).

5. The beneficiary, within three (3) banking days will provide a confirmable Bank Comfort Letter (BCL) with a Bank Payment Undertaking (BPU) on behalf of the Beneficiary and in favor of the Transaction Code No. _______________ (Beneficiary shall provide a copy of said BCL to the Provider by email).

6. Within ten (10) banking days Provider will confirm the Bank Comfort Letter (BCL) and sends MT-799 Pre-Advice to the Receiver’s bank asking “Are you ready to receive SWIFT MT760 with Bank Instrument, verify and pay by SWIFT MT103 in five (5) calendar days according to Transaction Code No. _______________?” (Provider shall provide a copy of said MT799 to the Beneficiary by email).

7. Within three days the provider’s institution will send the BG through the SWIFT MT760.

8. When the receiving bank has received the BG, they will confirm this with the other bank and will pay within 5 days 50% (minus initial deposit paid to provider), which includes a 2% consultant fee.

9. If the beneficiary foes do not pay the payments, then the Provide will place a claim on the BG which causes the receiver’s institution to return the BG through SWIFT MT760. Any payments that have been made will not be refunded.

10. The provider’s bank has one week within the reception of the payment of the BG to send a copy of the BG to the beneficiary’s bank through a courier that is bank-bonded.

11. Any additional tranches will abide by the same procedures and will continue until the funds have been depleted.

Become An
Exeter Group
Broker Today!

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Euroclear & Bloomberg Closing Process:

  1. Receive Your Owned Bank Guarantee (BG) Today!

    SERVICE AND INSTRUMENT DESCRIPTION

    Exeter Group offers comprehensive financial instrument services for clients seeking funding solutions. We ensure the secure issuance and delivery of Bank Guarantees (BGs) via trusted channels like Euroclear and Bloomberg, adhering to globally recognized compliance standards.

    Process for Acquiring a Bank Guarantee (BG)

    1. Execution of Agreements

    • Provider and Beneficiary execute and sign the Letter of Intent/Memorandum of Understanding, which becomes a full commercial recourse contract agreement.

    2. Provider Bank Endorsement

    • Within one banking day, the Provider’s bank endorses the agreement, guaranteeing:
      • SWIFT transmission (MT799 and MT760)
      • Portfolio reservation cost
      • Beneficiary verification
      • Compliance assessment of bank delivery coordinates

    3. Beneficiary Action

    • Within two (2) international banking days, the Beneficiary instructs their bank to send the portfolio reservation cost of $XXX,XXX via wire transfer to the Provider’s receiving bank coordinates. A copy of the wire transfer receipt must be emailed to the Provider.

    4. Issuance of Bank Instrument

    • Within three (3) banking days of receiving the portfolio reservation cost, the Provider’s bank:
      • Issues the Bank Instrument for the Beneficiary
      • Schedules delivery via Euroclear or Bloomberg Screen to the Beneficiary’s bank

    5. Bank Comfort Letter (BCL) Submission

    • Within three (3) banking days, the Beneficiary provides a confirmable Bank Comfort Letter (BCL) with a Bank Payment Undertaking (BPU). This must reference the transaction code and be emailed to the Provider.

    6. Delivery Confirmation

    • Within ten (10) banking days of BCL confirmation, the Provider’s institution delivers the Bank Instrument via Euroclear/Bloomberg and emails a certified receipt to the Beneficiary.

    7. Payment of Remaining Fees

    • Upon acknowledgment of receipt, the Beneficiary immediately pays 50% of the face value of the BG (minus the initial deposit). Payment is processed through a screen block and pay mechanism.

    Required Documents

    • Complete the Bank Guarantee Application form.
    • Submit the application via email to: [email protected]

    Compliance Standards

    Accepted Standards:

    • Clients must comply with all required standards and complete the application accurately.

    Rejected Standards:

    • Providers listed on the Forbidden Assets and Financial Instrument List.
    • Clients unable or unwilling to pay the deposit.

    Important Information

    • Banking days exclude weekends and holidays.
    • All BG delivery services adhere to strict pricing and procedural policies.
    • No RWA or BCL letters are issued, preventing misuse of our services for unauthorized credit line shopping.
    • Bank Guarantees (BGs) are not delivered without full payment or secured Bank Payment Undertakings.

    Note: Exeter Group does not accept payments outside the attorney’s client trust account. Payments to third parties, brokers, or delegation offices are not the company’s responsibility.

    Leasing and Loan Monetization Details

    For clients leasing via Euroclear and seeking loan monetization through Exeter Group’s Trustee Office:

    1. Initial Application: Compliance approval within 72 hours.
    2. Due Diligence: Submission of the bank instrument and loan application requires 72 hours for review.
    3. Agreement and Payment: Clients receive a countersigned agreement, with 3 days to submit payment post-approval.
    4. Instrument Processing: Bank instrument leasing takes 35 days post-payment.
    5. Monetization: Monetization of the bank instrument requires an additional 30 days.
    6. Total Timeline: 65 working days from payment submission.

    With Exeter Group, your financial endeavors are managed with the highest levels of professionalism and security.

Download the Bank Guarantee (BG) – Purchase Owned Application & Agreement Here!

Read the Bank Guarantee (BG) – Purchase Owned Application & Agreement Below

Become An
Exeter Group
Broker Today!

Apply Now
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