In the business world, a market bond plays a crucial role in ensuring contract execution, protecting against financial risks, and fostering fair competition. It is essential for building trust between involved parties and ensuring smooth commercial transactions. However, we understand that obtaining these bonds is not always easy for you, the players in the African market.
Key Obstacles You Face When Submitting to Markets:
- Financial Risk: You often need to provide market bonds to participate in tenders or contracts, which can pose a significant financial risk to your business.
- Market Access: If you lack sufficient financial resources, you may be excluded from certain business opportunities, limiting your access to the market and your growth potential.
- Entry Barriers: The need to obtain a market bond can be an obstacle for small businesses or new entrants with technical and financial capabilities but limited cash flow.
- Financial Commitments: As suppliers, you must tie up funds to provide a market bond, which impacts your cash flow and your ability to invest in other areas of your business.
These limitations can hinder the growth of your businesses by restricting your ability to seize new commercial opportunities. It can skew the competitive playing field, limiting the choices available to contracting authorities, with all the foreseeable consequences on economic dynamism.
It is essential to overcome these obstacles to allow your businesses to thrive. Market guarantees should become a facilitating tool rather than a barrier to your growth. Together, we can seek solutions to improve access to market bonds, giving you the best chances of success in the African commercial landscape.
ETC Innovates with STB Online to Streamline the Obtaining of Your Market Bonds
STB Online is a digital process that allows companies to obtain their public and private market bonds more easily and quickly. Thanks to the Surety Bond (STB) offered by ETC – Export Trading & Cooperation, you benefit from a comprehensive range of guarantees that allow you to respond to tenders with confidence. This range includes Bid Bonds, Advance Payment Guarantees, Retention Release Guarantees, and Performance Bonds, ensuring you meet the eligibility and financial capacity criteria required by the project owner.
How STB Online Works:
- Easily submit your requests online: Our platform is designed to be user-friendly and easy to navigate, allowing you to submit your bond requests in just a few clicks.
- Securely pay the entry fees: We offer secure online payment options with credit cards (VISA, Mastercard, or PayPal) to simplify the payment process.
- Receive your preliminary approval in just a few days: Once these conditions are met, you will receive our preliminary terms of intervention in a short period.
- Obtain your bond: After your approval of our Coverage Agreement, we issue the requested bond directly via SWIFT message to the beneficiary’s bank.
By opting for STB Online, companies can focus on executing their projects with confidence, knowing their regulatory obligations are covered. Take advantage of our STB Online platform now to boost the growth of your business.
To learn more about the STB (Surety Bond) Investment Guarantee
