Welcome and thank you for visiting the website of Crown Financial & Merchant Bank Plc.
In addition to providing you with a profile of our company and the services we provide, this website has been designed to become a helpful resource tool to you, our valued clients and visitors.
As you browse through our website, you will see that we have highlighted background information on our company and the services we provide.
Our Team can guarantee highly professional and confidential consultations in any area of using the financial instruments and we support your business by showing your ability to meet contractual obligations.
Let Crown Financial & Merchant Bank help you with your important business needs. Build your business with a financial partner you can trust.
Please feel free to contact us with any questions.
We are a financial services group, with principal place of business in England.
We provide financial services directly and through its subsidiaries and affiliates throughout the world, with significant operations in Asia and the East Europe.
Our group utilizes over a decade of experience to help companies obtain and secure the financial instruments they need. With a vast network of professional connections, we have maintained a company that is regarded as a quality and reliable resource for clients from many different countries. We can provide financial instruments for all kinds of businesses.
They can help to cover your trading risks by protecting against defaults on payments and guaranteeing your own payments abroad.
Our expertise in structuring financial instruments combined with our deep understanding of markets, allows us to customize policies to offer tailor made solutions for your business and your circumstances. Our strength in financial services is to be there where the customer's local bank relationship is not coming up to his needs.You can avoid tying up your working capital by using our guarantees of payment to secure a contract.
We’ll work with you to create a guarantee tailored to each opportunity, drawing on our expertise in financial services. And because each business transaction is unique, we’re happy to work with you, delivering a personal service that tailors our guarantee around your individual needs.
We specialized in financial consulting services and we provide our clients with strategic solutions about obtaining financial instruments widely used in international transactions. We can help arrange issuance of bank guarantees and other financial instruments on behalf of its clients.
Our services include, but no limited to Letter of Credit (LC), Standby Letter of Credit (SBLC), Bank Guarantee (BG), Bank Comfort Letter (BCL). We also arrange Advance Payment Guarantee , bank payment obligations and other commercial guarantees used in international trade transactions to be tailored to the particular needs of our corporate clients.
We specialized in Performance Bond for Construction & Engineering Industries, particularly providing construction bonds to contractors.
Our financial services support your business with the following advantages:
• creating stronger business relationships. Giving your suppliers the security of knowing that payments are guaranteed
• demonstrating your financial credibility and underpinning your ability to meet contractual obligations
• allowing you to safely enter new relationships with buyers or suppliers in emerging markets
We use the best practices to solve problems of our clients who are interested in obtaining financial instruments to realize their projects or finance commercial transactions.
Types of Guarantee
Letter of guarantee, also known as "guarantee", refers to the written commitment to the beneficiary issue by Crown Financial & Merchant Bank Plc on request of an applicant, guaranteeing the applicant or the guaranteed party will fulfill the obligations of contract entered in with the beneficiary.
Letter of guarantee has a variety of categories and uses, applicable to goods, services, technology trade, project contracting and construction, goods import-export declaration, financiang from financial institutions, large sets of equipment lease, contractual obligation fulfillment and etc., in practice there are different types of guarantees, each worded for specific events and purposes.
Furthermore, it is an instrument that can be used by business partners to secure an obligation in their contract.
We offer you several types of guarantees.
Types Of Guarantee or Bond
Guarantee issued by Crown Financial & Merchant Bank Plc at the request of the tenderee for bids of construction and procurement of project, committing that the tenderer will not withdraw or amend its bid during the validity period of the bid, and will sign the contract or submit performance guarantee within the preset time once winning the bid.
Solve the problem of mutual mistrust between the tenderee and tenderer with bank credit to realize smooth tender offer; replace cash margin by the tender guarantee/bid bond to reduce the financial pressure of the bidders.
Guarantee issued by Crown Financial & Merchant Bank Plc at the request of the customer to the owner of a contracted project or the buyer of a sales deal, guaranteeing the applicant will strictly perform the contracts in the pre-established terms and conditions.
Guarantee proper fulfillment of contractual obligations and the quality of the subject matter of contract; solve the problem of mutual mistrust between the parties, and reduce capital occupation.
Advance Payment Guarantee
Guarantee issued by Crown Financial & Merchant Bank Plc at the request of a customer to the owner of a contracted construction or the buyer of a sales deal, guaranteeing the applicant will fulfill the contractual obligations after the owner or the buyer makes advance payment.
Facilitate timely receipt of advance payment, as well as speed up capital turnover during project construction and preparation-of-goods period.
Retention Money Guarantee
Guarantee issued to the owner or the buyer from Crown Financial & Merchant Bank Plc to guarantee that applicant will continue to fulfill contract obligation after withdrawing final payment of the contract price in advance, at the request of construction contractor or supplier.
The product allows the applicant to collect final payment in advance from the owner or the buyer in the later stage of executing construction contract and procurement contract, thus accelerating capital turnover and gaining capital benefits.
Guarantee issued to the owner or the buyer from Crown Financial & Merchant Bank Plc to guarantee that applicant will fulfill contract obligation in the warranty period or maintenance period, at the request of construction contractor or supplier.
It is applicable for the situation that the owner or the buyer requires the contractor or the supplier to fulfill warranty or maintenance obligations as contracted when construction, supply and installation contracts enter into the warranty period or maintenance period. It is the guarantee for normally fulfilling contract obligation.
Guarantee issued by Crown Financial & Merchant Bank Plc at the request of the buyer to the seller under the contract, guaranteeing the buyer will fulfill the payment obligations under the contract to purchase goods, technology, patent or labor.
Provide contract payment protection.
CROWN FINANCIAL & MERCHANT BANK PLC
Registered Address :
70 Gracechurch Street
London EC3V 0HR (UK)
We do not operate directly with retail customers. Our services are reserved solely for professional clients (e.g. Broker, Advisor).Therefore our offices are not open to the public.
Due to identification and privacy purposes, we don’t give any information by phone.
Any inquiry should to be addressed to us by email or fax from monday to friday, from 9:00 am till 5:00 pm.
Thanks for the understanding.