How Does The Bank Endorsement Help You?
Bank endorsement – it’s a guarantee which is made by the bank that it will uphold the check or any other negotiable instrument from its client. This will assure the third party that the bank will back the obligations of the client in the worst case when the client cannot complete the payment. The common bank endorsement includes the bank comfort letter. It is a type of financial instrument which is used by the customer or client of the bank to carry out any trading, especially with an unknown party. These financial instruments will reduce the risks involved in trading with unknown people. Also, it will increase the trust between the seller and buyer which is essential for trading. The use of bank endorsement is very common when it comes to international trading where the business owner will trade with an unknown party. The bank will usually stand in the middle by assuring the funds to the seller. You can get these services easily at the bank in Mohéli . Without any proper reason, you ...