Underwriting Criteria

The underwriting process for facilities provided by Balkan Capital Assets is designed to be straightforward and efficient. Given that the facility involves the “importation” of a Bank Guarantee via a structured platform, the underwriting timeline is typically accelerated without compromising on due diligence standards.

Applicants are required to demonstrate a legitimate commercial intent for utilizing the Bank Guarantee. This is verified through a comprehensive due diligence process conducted by Balkan Capital Assets’ dedicated compliance team, which includes standard Anti-Money Laundering (AML) and Know Your Customer (KYC) checks to ensure regulatory compliance.

Additionally, applicants must agree to release any encumbrances or liens on the Bank Guarantee at least five business days prior to its expiry. This provision allows the Guarantee to lapse without triggering any claims or recourse against Balkan Capital Assets as the Provider.

The underwriting assessment relies heavily on the accuracy and completeness of information submitted by the applicant, supplemented by verification checks carried out during due diligence. Balkan Capital Assets maintains a rigorous yet efficient review process to balance risk management with expedited facility issuance.