Case Study:

Bronze Wing Trading

Provided Bank

Guarantee MT760 for

the Successful

Conclusion of

Crude Oil Deal

Presented by www.bwtradefinance.com

Submit Your Requirements to us: support@bwtradefinance.com Visit https://bwtradefinance.com

The Client’s Objectives

A South Korean Trader who deals with the import and export of Crude oil required Bank Guarantee BG MT760

on behalf of their company. So, they contacted Bronze Wing Trading with their BG request. Bronze Wing

Trading assisted them with their requirement & issued BG MT760 from rated banks without pledging any cash

collateral.

The Problem – The South Korean Trader Required Bank Guarantee

A South Korean Trader who specializes in supplying crude oil got an offer to import crude oil from overseas

and supply it to the local market. This deal seems to the best offer for them. So, they searched for principal

suppliers of Crude Oil & finally picked a well-reputable supplier from Saudi Arabia. The Saudi Arabian supplier

agreed to supply crude oil as per the buyer’s need, but they demanded Bank Guarantee MT760 from the trader

to secure their payment. The trader agreed to this payment term and looked for the ways to avail BG MT760.

The Challenge – To Find Bank Guarantee Providers

Since the principal supplier demanded Bank Guarantee in their favor, the buyer contacted their Bank with the

BG request. Since there was no existing banking facility available, the bank demanded the buyer to provide

certain percentage of the total deal value as a cash margin. But the buyer didn’t have that much lump sum in

hand, so the bank denied to issue the required MT760. So, the buyer thought of getting help from private

sectors & started searching online. While doing research, they came across with a YouTube Video posted by us

and contacted us with their requirement.

The Solution – How We Helped the Trader to Conclude Their Crude Oil Deal

After receiving their requirement, we invest our time to analyze their documents and approved their request.

Then we forwarded the service agreement to get it signed by the client & asked them to pay the admin charges.

The Client signed the agreement & transferred the admin charges to us. Instantly, we started working on their

transaction & structured the guarantee as per their deal requirements. We sent the Guarantee draft for the

client approval. The Client approved the draft & paid the issuance fee charges. Once all done, we instructed our

bank to issue the required Bank Guarantee from our bank account to the Supplier’s bank via authenticated

Swift MT760. After receiving the MT760 in their bank account, the supplier shipped crude oil in vessels & the

buyer received the goods & started supplying it to the local market & earned more profits!

This is how the Crude Oil Deal concluded successfully With the Provision of

BWT’s BG MT760!