Recent News

Out Of The Industry

Bank Guarantees

Due to Thomas-Walthers select and private network we have the ability to offer our clients both Bank Guarantees and Standby Letters of Credit. These are on a case-by-case basis as we understand that our clients need these for specific purposes. We can provide these from both top European banks as well as private banks based in Europe. Your individual consultant will be able to take you through the entire process step by step to ensure we find a solution that fits you.

Brief Description of a Bank Guarantee (BG)

A bank guarantee (BG) is a promise from a bank or other lending institution that if a particular borrower defaults on a loan, the bank will cover the loss. Please note that a bank guarantee is not the same as a letter of credit.


A bank guarantee enables companies to make purchases that they would otherwise not be able to make; these guarantees thus serve to heighten business activity and expand entrepreneurial activity.

Brief Description of a Standby Letter of Credit (SBLC)

A standby letter of credit (SBLC) is a guarantee of payment issued by a bank on behalf of a client that is used as “payment of last resort” should the client fail to fulfill a contractual commitment with a third party. Standby letters of credit are created as a sign of good faith in business transactions, and are proof of a buyer’s credit quality and repayment abilities. The bank issuing the SBLC will perform brief underwriting duties to ensure the credit quality of the party seeking the letter of credit, then send notification to the bank of the party requesting the letter of credit (typically a seller or creditor).