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Stephens Asset Group |
No up-front fees. Underwriting fees may apply, depending on
Surety.
Most common Bonds, including Performance Bonds, Contractor Guarantee, Co-Surety, etc.
We are not licensed bond agents in the
Your cost: Typical Performance/Contractor Guarantee
bonds begin at 3.5% (.035). We add .5% in facilitator fee, brining minimum
cost to 4%. (Co-executed Fee Protection Agreement with
the Requestor of the Bond establishes our
Facilitator Fee).
International Collateral Instrument
No up-front fees. Account activation may be required, depending
on issuing Institution.
This type of Instrument is not available for US Domestic clients
We are not engaged in BG contracting with
institutions, but serve as front-line in
project/asset screening to determine qualification
of the prospective client/project. We work directly with institutional contractor,
and forward your request for this type
of
collateral. An experienced US Domestic Title company
to manages the process.
The issuing institution determines your cost. The BG can be written with negotiable length
of term. Callable/default verbiage is essential.,
although not necessarily included in the
verbiage of the Instrument itself. The client/project already MUST have a specified
lender, as direct communications between
lender and the BG contractor must occur
quickly
in the process.
Documents needed to get Issuing agency approval
consist of Your Letter of Request containing
specific telephone/electronic contact details;
amount(s) needed and requested length of
term. Upon receipt of this Letter of Request, we
will forward a copy of a Security Confirmation
sheet, to be completed on your lender’s
letterhead,
and signed by your lender’s bank officer(s). This can be predicated by a NDA from your
lender. The Security Confirmation sheet uses generic
default verbiage that will appear on the
Instrument
The Stephens Asset Management Group requires
your execution of our Fee Protection Agreement
in the amount of 4%, due at closing, before
we engage the BG Contractor.
US Domestic Collateral Instrument
No up-front fees. Account activation may be required, depending
on issuing Institution.
His Instrument is only available for Domestic US clients and their projects.
All other considerations can be referred
back to the discussion on Bank Guarantees
above.
Collateral that is not assignable or transferable,
simply used to strengthen the Borrower’s
Asset position
No up-front fees. Account activation may be required, depending
on issuing Institution.
This Instrument is available for Domestic US and International clients.
As of this writing, we are not working with
FGBs due the volatility of the market. This posture may change when the market corrects
itself.
Click here to tell us about your collateral!
You have the collateral...you have the project and it is well documented...NOW you need to get a loan against your collateral. We will provide:
There is no cost for these services.
Click here to tell us about your project!
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