Certain projects or trades call for the use of a bank guarantee. This can be challenging, as banks typically issue guarantees only on a full cash covered basis – but, for many projects, this results in a negative cash flow.

Formulate’s access to a broad network of local and international banks solves this problem; ensuring that a bank guarantee is issued by the select bank with minimal cash collateral requirements.

Formulate has successfully assisted clients in obtaining bank guarantees in local currency as well as the US Dollar, Australian dollar, Indian Rupee and the UAE Dirham.