A
Close Look
Close Credit and Lending Services offer businesses or individuals a range of
personalised credit solutions, with tailored interest rate and repayment options:
- Overdrafts
- Loans
- Forward Foreign Exchange
- Unconditional Standby Letters of Credit
- Bank Guarantees
Tailored Credit Solutions
We appreciate that credit is a vital part of everyday life, for both business
and the individual. And, because we understand that everyone’s credit
requirements are unique, we offer a broad range of lending and credit solutions
that can be tailored to your needs.
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
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