From August 2013 Securities Brokers & Traders around the globe will be on the look-out for HSBC Bank Guarantees which are cash backed and seasoned.
One of the largest buyers of HSBC paper in the market has set a limitless target of acquiring as many HSBC cash-backed bank guarantees as possible and has taken out advertisements across Eastern Europe and China to locate HSBC BG owners who are willing to sell.
With a price range of 70 to 86 points, there are surely many BG owners who will be inspired to sell.
If a seller wishes to sell then he or she should contact admin@skrbank.com and register an interest. The buyer procedure is simple:
First the seller should send through the 14 digit HSBC ID number for the BG (which can be found on the original paper as provided by HSBC when the original BG was freshly cut or when the BG was passed to the existing owner). If this number can’t be found, the owner should contact his or her bank officer at HSBC to get the number. This ID number often includes letters and numbers.
Second, the buyer will verify the 14 digit ID number and seller details.
Third, the buyer will send through a short, signed buy contract on which the owner should place his or her bank guarantee details along with details of their HSBC account and bank officer.
Finally, the bank guarantee will be acquired bank officer to bank officer and the owner will be paid at the agreed price. The buy process takes as little as 3 hours bank officer to bank officer. The speed with which any intermediaries can earn has made the whole process that much more attractive with brokers.
Finding these BG’s is not impossible. The clock is ticking.