Miami International Bank Limited (MIB) handles transactions wherein it facilitates or consults in areas which require using appropriate Financial Instruments such as – Standby Letters of Credit (SBLCs), Bank Guarantees (BG’s), Letters of Credit (LCs), Proofs of Fund (POFs), Performance Guarantees (PGs) and Documentary Collections (DCs).

These are issued or brokered for discerning clients that may have the use for such instruments for their needs by banks and financial institutions. These Instruments are issued by Banks and Financial Institutions globally and Miami International Bank Limited (MIB) uses its access and resources to confirm and offer guarantor services to make these transactions come to fruition subject to criterial and terms and conditions met by the client. These are a demonstration to the receiver/seller that the issuer/buyer has the capacity to pay for the transaction, deal, or goods. This is usually done at the time of the issuer/buyer’s obligation to pay on the respective dates of payment commitments/receipt of goods, etc.

All this is done with detailed due diligence by MIB on all sides and also by the providing Institutions which are namely banks and financial institutions required information.