Financing vehicle that essentially substitutes our credit strength for your company's. Issued to third parties on behalf of your company to guarantee performance, ensure payment to suppliers or to bond payments. <ul><li>Annual fee of 1-2%</li> <li>Can be secured or unsecured</li> <li>Typically one year with either a specific maturity or automatic renewal</li></ul> Financing vehicle that essentially substitutes our credit strength for your company's. Issued to third parties on behalf of your company to guarantee performance, ensure payment to suppliers or to bond payments.

• Annual fee of 1-2%
• Can be secured or unsecured
• Typically one year with either a specific maturity or automatic renewal