DRS is an acknowledged innovator of leading edge solutions for transferring hard liabilities to contingent liabilities and counts many leading companies amongst its growing client base.
Banks provide LOC bank guarantees to companies seeking to assure other businesses that they will receive a payment. Companies use LOCs for many purposes, for example, when trading internationally or undertaking land transactions. Captive insurance companies also provide LOCs to insurers.
In contrast, surety backed LOC replacement guarantees negate the 100% cash collateral typically required by banks from a company applying for LOCs, delivering important benefits:
DRS Bond Management Limited is authorised and regulated by the Financial Conduct Authority No. 500737. The Financial Conduct Authority do not regulate all of the products and services we provide. Registered in England and Wales No. 6823289.