Bank Guarantee | Transfer and Discounting

Funding, BG discounting, SBLC, loan againt bank guarnatee, BG,

Bank Guarantee Transferring and getting funds.

Bank Guarantees are itself a payment security which is backed by a certain bank. Most of the time people can be seen buying and selling bank guarantees online. Do you think its possible or its a true business to trade in Bank Guarantees ?

As informed, bank guarantees cant be sold or purchased, its a payment instrument issued for a particular business and backed by purchase order or contract.

Most of the agents seems promising certain clients that they can get bank guarantees to enhance their limits for a certain time period. But never seen any client who either has accepted that they got such commitments fulfilled by any agent.

Comments are invited for more clarification.

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