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"Street brokers" use to give particular names to bank guarantees - BG- When they refer to a BG recently issued, they call it "fresh cut" if the BG was issued some time ago and the maturity date is approaching, they call them seasoned.

Usually everything is fake because Banks can only issue Bank guarantees following instructions of its Client who must have cash money on deposit as collateral for the BG that will be issued.

Intermediaries often confuse BG with Letters of Credit and both with Medium Term Notes.

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12y ago
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9y ago

A fresh cut bank guarantee can be coverage on many different things offered through that bank. This could cover your checking account, savings account, CD's, and other types of accounts.

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What is the difference between seasoned bank guarantee and slightly seasoned bank guarantee?

The terms "Seasoned Bank Guarantee" and "Slightly Seasoned Bank Guarantee" are phrases used by scammers to convince people who are not knowledgeable about the banking business to pay to join some internet trading scheme where banking instruments are supposedly traded. The terms Fresh Cut Bank Guarantee, Fresh Cut Bank Notes, and MTN are other terms used in this scam. None of these terms are used in the legitimate banking industry. Trading of banking instruments is highly regulated. These regulations state that persons who make the trades of financial instruments must have a license to do so. A novice in finance would not have the knowledge to pass the licensing exam nor would that person have the knowledge to understand the markets for financial instruments. See: http:/www.crimes-of-persuasion.com/Crimes/InPerson/MajorPerson/prime_bank.htm


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The terms "Seasoned Bank Guarantee" and "Slightly Seasoned Bank Guarantee" are phrases used by scammers to convince people who are not knowledgeable about the banking business to pay to join some internet trading scheme where banking instruments are supposedly traded. The terms Fresh Cut Bank Guarantee, Fresh Cut Bank Notes and MTN are other terms used in this scam. These are not terms used in the legitimate banking industry. Trading of banking instruments is highly regulated. These regulations state that persons who make the trades of financial instruments must have a license to do so. A novice in finance would not have the knowledge to pass the licensing exam nor would that person have the knowledge to understand the markets for financial instruments. See: http:/www.crimes-of-persuasion.com/Crimes/InPerson/MajorPerson/prime_bank.htm


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