Digital Vault Services GmbH is a SaaS provider, founded in 2019 by the worldwide active Trade Finance IT-provider, GlobalTrade Corporation, Toronto/Canada and the owner-operated Lindner Group KG, Arnstorf/Germany. Digital Vault Services GmbH provides Guarantee Vault, a place for the issuance and safekeeping of digital guarantees. Guarantee Vault is a true market initiative and the result of a 2-year collaboration with 17 working group members made up of major corporates, banks and sureties.
A Digital Guarantee is an instrument such as a Bank Guarantee, Surety Bond or Standby Letter of Credit issued in an electronic (paperless) form.
Digital guarantees issued via the Guarantee Vault are as legal, valid and binding as traditional (paper) guarantees, as long as they comply with the formal requirements of the respective jurisdiction.
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Guarantee Vault is a place for the issuance and safekeeping of all your digital guarantees.
All types of guarantees and sureties, including corporate guarantees and standby letters of credit can be applied for, issued, managed and securely stored via the Guarantee Vault. All can be issued in both ways through the Vault, as digital or as physical guarantee. And even in case of an indirect guarantee, the primary bank can be instructed with Guarantee Vault; only the primary bank's counter-liability to the beneficiary's local bank remains traditional.
Guarantee Vault facilitates the central issuance and storage of digital guarantees by removing paper and fully digitizing the process. Any post-issuance events within a guarantee (e.g. issuance, amendment, release, claim) is digitally mirrored and all stakeholders (applicant, guarantor, beneficiary) have real-time control of their guarantees. You can link your existing guarantee-management-system via an API or simply use our intuitive Web Interface.
Once you get in contact with us via phone or e-mail, the process will begin with our sales department where you will be provided with all the necessary information as well as a demo on demand. After signing the contract, you will be introduced to your personal Client Onboarding Manager who will align on the Guarantee Vault account registration and will support you on the way to your first digital guarantee. We provide a fast and efficient, ready to use, web interface for your guarantee needs or the easy-to-use API to seamlessly connect to your back-office system.
Both, the Web-Interface and the API, provide the same functionality for the end-to-end processing and safekeeping of your digital guarantees. The Web-Interface is accessible through your web browser and has no connectivity to your existing backend system, whereas the API solution grants direct and seamless access to the Guarantee Vault Platform and all of its features straight from your existing Trade Finance and/or ERP system.
Whether you manage a few guarantees a year or process thousands of guarantees a month the Guarantee Vault allows you to manage your guarantees digitally from end-to-end without the need for additional software.
Guarantee Vault can help you improve your companies’ overall efficiency by enabling an end-to-end and fully digital handling of your entire guarantee process. This includes issuance, amendments, release, and claims. The entire process is transparent for all parties involved and the guarantees are safely stored on the Guarantee Vault.
Research shows that on average more than 40% of costs savings are possible through the digitization of documents. The guarantee vault is designed to digitize guarantees for your business, in doing so the costs of courier and postal fees are eliminated, the need for additional file management is removed and the labor intensity of paper-process is reduced. Removal of the courier process also reduces risk of loss due to postal mistakes and saves money correcting mistakes.
Read the full study from PwC that illustrates potential cost savings with Guarantee Vault.
Yes, we offer both, webinars and an individual demo where you can directly experience the management of digital guarantees with Guarantee Vault. You will learn about the core functionalities, features and benefits of Guarantee Vault.
Our data is stored in Microsoft Azure and our servers are hosted in Germany. The data is subject to the German and European data protection laws. There is no third-party access to the data.
Our servers are located in Germany and therefore also subject to the German and European data protection laws. Your data is securely stored in the Guarantee Vault, without any unauthorized access.
Guarantee Vault undertakes the safekeeping and administration of records for a period of 10 years after closing the guarantee.
The effort and time needed for the API integration depends on your exisiting systems and infrastructure. We rely on common best practices and easy-to-use endpoints to minimize the effort on your side. By providing our extensive API documentation to the public as well as an integration guideand an OpenAPI specification, we make sure that all necessary information is available for your developers. Our Support Team and API Product Managers are available to answer your questions and to assist with your integration to the Guarantee Vault.
If you are using a Trade Finance Platform, ERP software or a custom system - Guarantee Vault Platform API can be integrated easily and seamlessly. With the API in place, you can access Guarantee Vault directly through your system without any additional effort, simplifying and speeding up existing processes.
Yes, our APIs enable a direct and seamless connection between your Trade Finance system and the Guarantee Vault using a suite of REST APIs.
All guarantee types that are available on Guarantee Vault are also available in the API: Bank guarantee, surety bond, standby letter of credit, corporate guarantee, corporate surety and comfort letter.
Digital guarantee management
As part of the onboarding the applicant specifies all relevant banks and sureties. The sample of banks and sureties can be updated at any time if necessary. The applicant can easily select the named guarantors via a drop-down-menu directly in the Guarantee Vault. A short and fully digital connection process on both sides also ensures that an applicant can select only a guarantor with whom he has a business relationship.
No, digital guarantees can also be issued to beneficiaries who are not registered on the Guarantee Vault (so called unregistered beneficiaries). However, to make full use of all benefits of digital guarantee management and safekeeping, you need to be registered. Beneficiaries can register for free on the Guarantee Vault.
If you use the Guarantee Vault via Web-Interface, you define an authorization concept as part of your onboarding process. This ensures that only selected people are authorized to release guarantees. If you use the Vault via a portal or a multibank platform (e.g. TIP, GTC, etc.), the predefined authorization concept remains unchanged. The same applies when connecting to an exisiting ERP system.
Yes, Guarantee Vault offers the flexibility of both paper-based and digital guarantees. When requesting a guarantee, clients can choose between digital and traditional (physical) delivery. When requesting a physical delivery, a digital copy of the original document will be stored securely in the Guarantee Vault.
Guarantee Vault allows for guarantee management in real-time throughout the entire guarantee-lifecycle. Within minutes a guarantee may be requested and issued on the Guarantee Vault. For transparency and speed, once a guarantee has been issued it is instantly made available for all parties involved in the transactions. Real-time notifications ensure that all parties are always kept informed on the status of the guarantee.
Yes, you can easily change the language in the settings of your account to either English or German. Further languages will follow.
Yes, there is the possibility to select the language the unregistered beneficiary will receive the guarantee in. Available in English and German, more languages coming soon.
Yes, when requesting your guarantee you can select the currency you want it to be issue in. We have 156 worldwide currencies available on Guarantee Vault.
You will receive an email notification immediately once a change or request is made to your guarantee.
A guarantee (digitally) issued through Guarantee Vault cannot be lost as it is safely stored directly on the Vault.
At DVS, we attach great importance to service and support. We offer extensive support throughout your journey towards digitisation and provide you with a personal Client Onboarding Manager to do so. You will receive 360 degrees support on all topics that might interest you while stepping into the digital guarantee era.
The easy and fast onboarding to Guarantee Vault starts right after you signed the contract and usually you can use Guarantee Vault for your digital guarantee management within the next 3 working days.