Acerca de
SURETY INSURANCE BOND
EXAMPLE PROJECT FUNDING SOLUTION WITH SURETY INSURANCE
Min Project Value $2.5m USD
Max Project Value $25B USD
Term 20 years max
Interest 2.5% annually
Capital Repayment Monthly
Grace Period 2 years max
Fees 0.35% (*Note 1.1)
Security Surety Bond
Security Cost 2.5% (*Note 1.2)
Project types:
-
CONSTRUCTION
-
INFRASTRUCTURE
-
ENERGY
-
PHARMECEUTICAL
-
MANUFACTURING
-
INDUSTRIAL
-
MEDICAL
-
UTILITIES
-
AGRICULTURE
-
AUTOMOTIVE
-
WHITE GOODS
-
FOOD
-
PR0PERTY
-
GREEN INDUSTRIES
-
SERVICE INDUSTRIES
-
LAND AQUISITION
-
SHIPPING
-
LUXURY YACHTS
-
VINEYARDS - WINE PRODUCTION
-
MINING
-
RE-FINANCING
*Note 1.1 - 0.35% of project value to be paid upon project approval, presentation of the Surety Insurance Binder, prior to funds being transferred to the client.
*Note 1.2 - 1.25% of project value to be paid upon issuing the Project-specific Insurance Binder. The remaining 1.25% will be paid upon receipt of the client's funding. This fee will be paid directly from the funding party. Should the project funding not be granted the Insurance binder will be canceled and the 2.5% fee will be returned to the client within 30 days of the notification.
What is a Surety Insurance Bond?
Surety Insurance Bonds provide a guarantee of the debt of one entity by another, typically in a financial loan arrangement. In the case of a lender, the Surety Insurance bond is used as a financial safety device, in the event of the lending party defaulting on their contractual obligations.
The term Surety in this instance, defines a party, organization or individual that assumes the responsibility of paying the debt in the case that the debtor defaults on the contracted disbursment schedule which would be detailed in the legally binding contract with the lender.
The party that guarantees the debt in Surety Insurance bond is referred to as the Surety, or alternatively referred to as the underwiter of the contracted debt.
UICBS ASSICURASAI SpA (UAS) provide Insurance Surety Bonds to enable projects to be financed for a wide range of projects on a global basis. UAS provide clients with Surety Insurance Bonds with A+ rated insurers for the purposes of funding their projects on commercially beneficial terms.
UAS work closely and collaboratively with a leading alternative funding company who are a publicly traded, with approximately $320 billion of assets under management, having 18 offices in the United States, Europe, Asia and Australia.
Detailed below is an example of how an Insurance Surety bond integrates with the financing of a clients project.