Member of the International Surety Alliance
ABOUT US As our name suggests, at Nordic Guarantee, we do guarantees. This is our core business, which is why we have a team of highly qualified industry experts and analysts to serve our clients. We combine the appropriate risk analysis with our industry insights to provide our clients with a customised solution at a competitive price. We provide contract guarantees to suit the needs of your business. This gives our clients the freedom to do what they do best and concentrate on their core business. The guarantees we offer provide the highest level of protection and usually without the need for collateral to be pledged.
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WHY NORDIC GUARANTEE? One of the leading guarantee issuers in the Nordic Region and Spain.
Our facilities are favourably structured to our clients needs in terms of both pricing and securities.
High focus on industry knowledge and insights, we employ some of the leading experts in the industry.
We are able to issue guarantees in EU. We can also facilitate the issuing of guarantees on the African continent and in Australia / New Zealand.
Local experts providing locally relevant solutions.
At Nordic Guarantee we always partner with our clients in order to find the best solution.
Privately owned short-term insurance company that has been focusing on the guarantee business for over 20 years.
Innovation is in our DNA. We always encourage innovation and development of new products that make life easier for our clients.
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Together with Lombard Insurance from South Africa and Assetinsure from Australia we are members of Insurety International Surety Alliance. Insurety’s purpose is to: • Drive the international strategy and growth for the combined group of members. • Provide advice and solutions to generate sustainable growth in terms of new products across three continents. • Improve the management of the risks for the group of Alliance members off an already strong base in the international surety market. • Offer significantly greater market penetration in the regions where its alliance members operate. • Offer world class underwriting skills and the widest range of surety guarantees. “Our vision is to build a surety franchise that will be recognized globally for its dynamism, smart risk selection, management and the development of its people. We want to achieve global significance by enhancing the strength of local surety experts” - Johnny Symmonds, Chairman of Insurety.
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HERE’S HOW IT WORKS: A guarantee from Nordic Guarantee is similar to a bank guarantee. It can be used to inter alia: • Secure contractual obligations • Secure advance payments • Secure tax payments • Improve cash flow using payment guarantees • Secure payment obligations • Free up credit lines in the bank
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NORDIC GUARANTEE’S PRODUCTS
Construction Guarantees
Customs Guarantees
Performance Guarantees
Environmental Guarantees
Payment Guarantees
Mining Rehabilitation Guarantees
WIDE RANGE OF GUARANTEES Construction-related Guarantees
Customs Guarantees
Maintenance and Performance Guarantees
Tax Guarantees
Manufacturing Guarantees
PSD2 Guarantees (online payment providers)
Payment Guarantees
Gaming Guarantees
Advance Payment Guarantees
Mining Rehabilitation Guarantees
Rental Guarantees
Environmental Guarantees
Service Guarantees
Grid Guarantees (Renewable Energy) Tailor-made Guarantees
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REINSURANCE CAPACITY Confident beneficiaries are important for us and we are backed by the world’s leading reinsurers. Our reinsurance programme consists of a combination of proportional and non-proportional reinsurance providing protection against both severity and frequency losses. Our reinsurance panel comprises well-respected reinsurers with a minimum of an “A” rating, (Standard & Poor’s).
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OUR GUARANTEE OFFERING It’s a reality. When you do business, your suppliers and customers often require guarantees – this provides the assurance that the contractual obligations can be fulfilled. At Nordic Guarantee we offer this protection without tying up your capital thus improving your cash flow situation allowing you to use your capital to achieve your company’s growth potential. We are more than just a guarantee provider. We are a partner. This requires us to be highly responsive in providing you with hasslefree service and industry leading knowledge when you need it most. Manage your guarantees, get an overview of your current facility, ask for quotes and place orders quickly and easily, through our web portal.
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NORDIC GUARANTEE’S SERVICE QUALITY • Fast, efficient and reliable service • Easy to apply for guarantees online • High level of expertise in guarantees • A totally secure guarantee • Ability to provide guarantees in numerous geographies: • All Nordic countries • Most countries in Europe • Through our associated companies Assetinsure and Lombard Insurance we can service the African continent as well as Australia and New Zealand • Commercially attractive pricing and wording • Long-term partner • We invest time to understand your business
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TURNING CHALLENGES INTO SOLUTIONS Our clients needs
Our solution
Flexible guarantee facilities.
We have the capacity to back entry level to very large and complex contractual guarantees.
Guarantees accepted by beneficiaries.
Our guarantees are widely accepted both locally and internationally.
Flexibility within their banking facility.
We don’t tie up working capital.
Quick turnaround time.
Our decision maker and relationship manager are often one and the same, providing faster decisions.
Reliability.
Great track record of backing major projects.
Benefits for our client’s beneficiary: • We’re flexible with our guarantee wording • We’re backed by the world’s leading reinsurers • We have an impeccable claims paying record • Our commitment to taking the underwriting risk provides a further endorsement of your decision to contract with our client
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BENEFITS OF A GUARANTEE FROM NORDIC GUARANTEE VS. A BANK GUARANTEE: We are experts in the field of issuing Contract Guarantees. Our Guarantees: • Typically do not require collateral • Will not negatively affect liquidity • Maintain and improve cash flow • Will not affect current credit rating or credit facilities • Are competitively priced • Increase facilitation efficiency • Increase the speed of administration
EXAMPLES OF AREAS WHERE A NORDIC GUARANTEE CAN BE USED: • • • • • • • • • • •
Construction; building and civil engineering Real estate development and landlord/tenant lease agreements Importing and freight forwarding “customs” Environmental considerations Manufacturing and other related industries Trade (distribution and general industry) Mining (land reclamation and restitution) Shipping and ship building Energy (traditional and renewable) Online payment services Gaming
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Member of the International Surety Alliance
NORDIC GUARANTEE’S EUROPEAN FOOTPRINT Sweden (Head office)
Kista Science Tower, SE-164 51 Kista Tel +46 834 0660, Email info@nordg.se nordicguarantee.se
Norway
Dronning Eufemias gate 14, NO-0191 Oslo Tel +47 2295 5700, Email info@nordg.no nordicguarantee.no
Finland
Äyritie 12 A, FI-01510 Vantaa Tel +358 10633 8100, Email info@nordg.fi nordicguarantee.fi
Denmark
Havnegade 39, 1058 København K Tel +45 3360 8560, Email info@nordg.dk nordicguarantee.dk