• Overdrafts
• Loans
• Forward Foreign Exchange
• Unconditional Standby Letters of Credit
• Bank Guarantees

Overdrafts
A short-term solution, for clients whose cash requirements are in excess of their available resources.

Loans
Suitable for a one-off purchase of a new asset (e.g. Car, equipment, investment).
The interest rate and other costs are negotiated at the outset. The period over which the loan will be repaid, and repayments, will also be agreed and can be tailored to your requirements. This could mean regular payments, to include interest and capital, or a single payment, at the end of the period.

Forward Foreign Exchange
If you have a financial commitment in a foreign currency, for a future date, you can mitigate the risk associated with fluctuating exchange rates, by securing a rate today. This rate will then apply, allowing you to plan your finances accordingly.

Unconditional Standby Letters of Credit
A predefined credit facility, guaranteed by Close. Particularly useful in large purchase transactions (e.g. property auctions), they provide the seller with peace of mind, by guaranteeing that funds are available.

Bank Guarantees
Close provides a guarantee to a creditor that they will pay, the creditor, if his customer fails to do so. This reassures both parties as payment is guaranteed once the seller meets his obligations.

Security
The low-risk nature of our business is what makes Close one of the safest banks in the world. In keeping with this policy, we generally only lend on a secured basis.

This means that the value of your loan is backed by an existing asset, in your name.

Acceptable Security

• Cash
• High Quality Stock, Bonds and Collective Investments
• Single Premium Life Insurance Policies
• Bank Guarantees
• UK, Isle of Man and Channel Islands Real Estate