BG (Bank Guarantee)

A bank instrument guaranteeing a certain face value for an investor, while collecting an annual interest before expiring upon maturity.

MTN (Medium Term Note)

A tradable and discountable debt instrument issued by banks, collecting an annual interest before expiring upon maturity with a specified face value.

SBLC (Standby Letter of Credit)

 SKR (Safe Keeping Receipt)

A document created by a bank, on behalf of its customer, which specifies all details of an asset, and confirms its current existence on deposit.

BCL (Bank Comfort Letter)

A letter written by a bank officer on behalf of a customer, attesting to the current balance and good standing of an account holder.

 CD (Certificate of Deposit)

A financial product offered by banks to account holders who agree to leave their funds on
deposit for a pre-defined period. This allows investors to collect a higher annual interest,
while securing their money in a low risk venture.

A document issued as a guarantee of payment by a bank, on behalf of a client. This is used as
“payment of last resort” if the client fails to fulfill a contractual commitment with a third party.
In the private placement world, this term is often associated with fraudulent companies that offer bank instrument leasing and/or project funding “opportunities”