Financial Guarantee Bonding for Major Media
A financial guarantee is a contract by a third party (guarantor) to back the debt of a second party (the creditor) for its recovery of capital to the ultimate debt holder and or capital holder (investor).
Administratively, the portfolio of insurance instrument(s) associated with media & film production are the building blocks to the Financial Guarantee Bond. These junior underwritings secure and protect the project, and insure the performance of each individual talent and firm providing talent and or services to the production.
Upon the collective group of insurance instruments being assembled and or newly underwritten, we then and only then, have a film or media production that can be assured of completion. The completion bond instrument, (which Aurum can underwrite) is only the first half of the task.