Guarantee Vault
For the Issuance & Safekeeping of Digital Guarantees
All parties, at source and in real-time.
Our partners
What we do
Guarantee Vault is a place for the issuance and safekeeping of digital guarantees. It gives banks & sureties the possibility to centrally issue and store instruments such as Bank Guarantees, Surety Bonds and Standby Letters of Credit in an electronic (paperless) form.
This combination of central issuance with digital guarantees is an innovation that delivers significant value to all market participants including applicants, guarantors and beneficiaries.
Through the transparency it brings, Guarantee Vault adds an additional layer of efficiency right throughout the guarantee life-cycle.
“Over the last 2 years we have worked closely with 15 corporates, sureties and banks to help make Guarantee Vault a reality. Our shared experiences, collaborative spirit and common vision are at the heart and soul of what Guarantee Vault is.
We proudly see this as a true market initiative, one that solves a wide spread common problem and brings efficiencies to all involved.”
“Running a paper based manual guarantee process has always been a challenge, even more so in this Covid-19 environment. We believe that digital guarantees are the solution, they increase transparency, create efficiencies and minimize risk.
The innovation that Guarantee Vault brings will benefit all parties including applicants, guarantors and beneficiaries”
“It has been a great experience working with both corporate and financial stakeholders on the digitization of guarantees.
Through Guarantee Vault we now have the possibility to offer all our customers the issuance, safe keeping and administration of digital guarantees in a secure and central place.
For the first time, the complete end-to-end digitization of the entire guarantee transaction is possible, from applicant and issuer right through to beneficiary.
We look forward to go-live and future developments.”
“Working closely on the Guarantee Vault project with other market participants has been a great experience. For many years the lack of transparency in the Guarantee process today has been an on-going problem for us.
Because of this, managing our portfolio of outstanding guarantees across all our banking and surety partners has been a significant challenge.
Through the added transparency it brings, Guarantee Vault gives us oversight at source which solves the problem.”
“Guarantee Vault’s digital guarantee solution enables a true end-to-end digitization of the guarantee life-cycle.
The solution allows us to expand our service offering to clients, helping them better manage their business, reduce costs, improve efficiency and reduce risk.
We are proud to be part of this true market initiative and look forward to the exciting journey ahead.”
“This is a first universal digital network that connects corporates with all types of guarantee issuers: banks, insurance companies and agents as well as export development and other government agencies. It also directly links corporates with each other, as applicants and beneficiaries.
The Guarantee Vault offering is based on open collaboration and transparent pricing. This approach facilitates acceptance by providers of trade finance IT solutions – one of the key elements for the wider market adoption.
We are pleased to offer seamless connectivity to the Guarantee Vault for all clients of the @GlobalTrade platform.”
Services throughout the guarantee life-cycle
Guarantee Vault offers long-term, secure and cost-effective services to applicants, guarantors, beneficiaries and intermediaries right across the life of a guarantee including application, issuance and post-issuance.
REST API Solution
Guarantee Vault delivers its services using a suite of REST APIs allowing all market participants to seamlessly connect and interact.
Corporates, sureties, banks and other intermediaries can interface with Guarantee Vault via their existing platform, portal or other in-house systems.
In this way all participants can connect to access and consume data, at source and in real-time.
Data is exchanged using JSON format whilst Guarantee Vault APIs are secured using market standard authentication protocol OpenId Connect.
Legal
Electronic guarantees issued via Guarantee Vault are as legal, valid and binding as traditional (paper) guarantees.
When issuing guarantees on Guarantee Vault only the form of the guarantee is changed (i.e. paper to electronic) not their content.
Before offering its services in any country, Digital Vault Services GmbH conducts a thorough analysis and validates that the national law governing guarantees in that market allows for electronic form.
Digital Vault Services GmbH works with the following legal partners in this regard
Partnerschaft mit beschränkter Berufshaftung von Rechtsanwälten, Steuerberatern und Solicitors
Rechtsanwälte GmbH & Co KG
Structured Finance Digital Week 2020
Digitization of Guarantees
Together with Peter Grätz from Bayerische Landesbank and Sven Matzelsberger from Lindner Group KG our managing director Ludger Janssen presented the Guarantee Vault, a place for the issuance and safe-keeping of digital guarantees.
For further information, please contact us.
Revolutionising guarantees
Digital guarantees - a whitepaper from PwC
A new whitepaper from PwC Belgium’s Treasury Consulting Centre of Excellence explores how digitisation can make it safer, faster and simpler to process bonds and guarantees.