CLIENT WIN – The client enhances cash flow with a high rated alternative to a bank LOC. It improves balance sheet strength, enhances liquidity and access to capital, and delivers either a neutral effect, or a reduction, on costs in the process.
BENEFICIARY WIN – The beneficiary gets the 'LOC' it needs, but from a higher rated provider.
BANK WIN – The bank or existing guarantor can make better use of increased headroom.
DRS is an acknowledged innovator of leading edge solutions for transferring hard liabilities to contingent liabilities and counts many leading Fortune 500 companies amongst its growing client base.
LOC Replacement Guarantees are widely utilised within non-conventional insurance programmes Learn more.