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Food Inc

Molly Mazuri is a small food manufacturer looking to expand her business by moving to a bigger building with an industrial kitchen. She needs to provide her new landlord with a bond to cover any damages that may occur during her lease.

Based on your understanding of Molly’s needs, which product would you recommend?

If you need a hint click on each icon. Then select the most appropriate option and click ‘Submit’.

Molly

Product

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Consider offering a contingent liability product in this instance. A contingent liability product offers the client security because the vendor, who has requested the contingent liability, cannot call on it without a particular reason/breach on the client’s part.

Click 'X' to return to the main screen.
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Pricing

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A contingent liability solution has two components in its pricing

  1. A Liability Guarantee Fee is charged on the utilised limit.
  2. A Line Fee is charged as per the Overdraft Line Fee
Click 'X' to return to the main screen.
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Process

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For a cash-covered Bank Guarantee complete the CommSee work item request. Alternatively for other securities or if a Contingent Liability limit is to be established then a full CCL application must be completed in this scenario.

Click 'X' to return to the main screen.
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