Aussie BondsTM

Aussie Bonds TM is a form of guarantee that can be accepted by Vendors in lieu of cash when a Purchaser must pay a deposit to secure their contractual commitment to purchase properties.

Aussie Bonds TM  is underwritten by Underwriting Australia Pty Limited of which SPRIG Insurance is a Corporate Authorised Representative. It provides a guarantee of payment to the Value of the Deposit Bond up to a maximum of 10% deposit in the event that the Purchaser does not settle on their Contract of Sale and is backed by QBE Insurance (Australia) Limited (‘QBE’).

 

Purchaser Benefits

  • Assets & working capital remain untouched
  • No asset sales required to access deposit funds
  • Competitive premiums
  • Can be issued in a few hours*
  • Peace of mind that exposure is limited to premium if the sale does not complete
  • Seamless sign-up and claims process

 

Vendors Benefits

  • Nil Establishment costs to Vendor
  • Cost Effective way of securing commitment to purchase
  • Deposit Deposit bonds can be issued up to a maximum of 10% of the Purchase price
  • Provide peace of mind that Deposits will be paid even if Purchaser does not complete the Contract of Sale
  • Available to all clients including Self Managed Super Funds and Trusts
  • Underwritten by QBE with an S&P rating of A+

*subject to a fully completed application

 

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