A bank’s independent promise to pay on presentation of specified documents stating default. Usually issued under ISP98 or less often UCP600. It is a letter of credit, not a contract surety.
Generic term. In some jurisdictions it is an accessory suretyship tied to the underlying contract. In others, wording can make it payable on demand and independent. Always check governing law and text.
An independent undertaking to pay against a simple written demand and any stated documents. Commonly issued “subject to URDG 758.”
Independent instruments (SBLCs under ISP98 and demand guarantees under URDG 758) are payable against documents, regardless of disputes in the underlying contract. Accessory guarantees track the debtor’s obligation and open the door to defenses. Drafting decides the outcome. If you want true on-demand protection, say “payable on first written demand” and opt into ISP98 or URDG 758. If you intend a secondary suretyship, say so and accept the litigation risk that comes with it.
Name of the issuing bank, beneficiary jurisdiction, and enforceability history for on-demand calls.
ISP98 and URDG 758 reduce ambiguity and improve discounting or confirmation appetite.
No. An SBLC is a letter of credit. A “bank guarantee” may be independent or accessory depending on law and text. When in doubt, use ISP98 for standbys or URDG 758 for demand guarantees.
Only in narrow cases. England focuses on fraud. Singapore allows injunctions for fraud or unconscionability. Saudi courts have broader discretion. Expect variance by forum.
Use ISP98 for standbys and URDG 758 for demand guarantees. Do not mix them. Pick the one that matches the instrument’s purpose.
As unfunded credit protection if eligibility conditions are met under the CRR and EBA guidance. Legal effectiveness, independence, and payout certainty are key tests.
Share your draft wording and jurisdiction. We will tell you if it behaves like a true on-demand instrument and what pricing to expect.
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Advisory services are reserved for post-revenue companies that recognize the time and resources required for professional underwriting.
All mandates start with an RFQ. We review submissions, issue a brief Go/No-Go memo, and where bankable, release a Term Sheet that leads to funding. We arrange capital across Senior Secured, Unitranche, Second Lien/Mezzanine, Preferred Equity, and Gap Solutions. We do not process deals by email or chat.
Letters of Credit, Standby LCs, Confirmations, Receivables Finance, and Inventory Lines with control.
Funding arranged for trade flows with instruments sized to your cycle and aligned to delivery and settlement.
Move forward to secure working capital and keep goods moving. Submit the RFQ to start underwriting for funding.
Limited or non-recourse structures for energy and infrastructure with lender-ready materials.
Funding solutions aligned to project cash flows with credible covenants and conditions to reach notice to proceed.
Advance the file to termable status. Submit the RFQ so we can underwrite and secure funding.
Debt and Preferred solutions anchored on cash flow, Quality of Earnings, and clear closing mechanics.
Funding across senior, unitranche, and preferred to match stable cash flows and acquisition timelines.
Get financed on workable terms for closing. Submit the RFQ to start underwriting.
Acquisition, development, bridge, and refinance with lender-ready packs and third-party reports managed.
Funding calibrated to DSCR, leverage, and tenancy with terms designed to close.
Move to a financeable package. Submit the RFQ to initiate underwriting for funding.
KYC and Source of Funds required. Engagements are best-efforts and subject to underwriting. Preference for operating companies with meaningful revenue. See our FAQ and Procedure.
Financely Inc. (“Financely”) provides corporate-finance advice and is wholly owned by Aurora Bay Trust, a trust formed under Bahamian law, together with its authorized affiliates. Depending on deal structure, jurisdiction, and local rules, engagement may be carried out through Financely Group LLC, a non-deposit-taking non-banking financial company; Ashford Capital Advisory LLC; or another related entity. Financely and its affiliates are not registered as securities broker-dealers. When a mandate involves the purchase or sale of securities and a registered intermediary is required, all orders are introduced to and executed by a U.S. broker-dealer registered with the SEC and FINRA, acting as “chaperone” under SEC Rule 15a-6 (17 C.F.R. § 240.15a-6). Nothing here constitutes an offer, solicitation, or recommendation to buy or sell any security. Before proceeding, read our Terms of Service to confirm that engaging Financely Group LLC, Ashford Capital Advisory LLC, or any affiliate aligns with your legal and regulatory requirements.In the United States, we operate as an
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