The ONE Refine Fuel Retailer’s Guarantee is designed for the fuel industry as a unique and accepted alternative to the traditional bank guarantees. Fitch ratings has assigned Mutual & Federal Risk Financing Limited’s MFRF a National Insurer Financial Strength (IFS) rating of “AAA(zaf)” giving absolute assurance in performance and reliability. The Fuel Retail Guarantee Policy is targeted at all fuel retail service station brands.
New Retailers don’t have to finance, or tie up valuable security or working capital in providing bank guarantees
Existing Retailers can substitute their bank guarantees and inject some liquidity into their business or reduce liabilities
Existing Retailers on ‘hard cash’ can now afford a guarantee to trade on ACB / manumatic debit
Existing Retailers can ‘top up’ their existing guarantees to meet current Fuel Company requirements
The monthly premium is an operating expense of the business and thus written off against taxable income
Opportunity cost of having released your cash or securities
Refine Fuel Retailer’s Bank Guarantee solution with selected Banks whereby the Fuel Company is issued with a bank guarantee however the Bank is secured by the Mutual & Federal Risk Financing Limited guarantee instead of traditional collateral assets (cash security or fixed property)