The guarantee market in the Benelux is still dominated by the traditional banks. Nevertheless, it offers numerous advantages to issue your surety bonds and guarantees via insurers or to consider a collaboration between one or more banks and insurers. Below we list the most important.
Extra credit capacity
Bank guarantees are part of a bank's total credit portfolio, which means that they can limit the available credit capacity. By working together with insurers, credit space can be released and, in other words, you can easily create additional credit capacity at the banks.
SBC guarantees the choice of the right insurers to meet your needs.
Safeguarding of collaterals
After an in-depth financial analysis, insurers try as much as possible to conclude agreements on the basis of notoriety instead of encumbering the assets with hard collateral, as is usually the case with the banks. By working with insurers, the assets remain free and unencumbered to possibly be used for new loans.
SBC, thanks to its expertise, ensures transparent agreements with as few obligations or small print as possible.
Outstanding service
The choice of the right insurer can lead to a smoother processing of your bond applications. With specialized insurers we can provide guarantees within a maximum of 48 hours (and often faster), while at most banks this takes much longer. Faster processing requires less follow-up and can avoid discussions with the end customer or in the worst case even fines.
SBC ensures the smooth handling of all your bond requests.
Cheaper
Set-up fees, handling fees, administrative fees, minimum fees, premiums, extra premiums, reservation fees… It is hallucinatory what costs are sometimes charged. Fortunately, we manage to reduce this to a minimum with the insurers and, moreover, to negotiate a lower premium than with the banks.
SBC helps to lower your surety bond costs.
Solid credit rating
Cooperation with the right partners is not only important for you, but also for your customers who are beneficiaries of the surety bonds or guarantees to be issued. After all, they want to be sure that a guarantor is sufficiently sound to meet its payment obligations in the worst case. Did you know that there are several insurers with the same or even a better credit rating than that of the major banks and that their financial strength is therefore at least as great?
SBC only works with professional insurers with an excellent reputation and credit rating so that you and your customers / beneficiaries can rest assured.