Bafis S.A

Banking & Financial Security s.a
FINANCING
Joint Stock Company

BAFIS s.a Dealing as financial advisor and consultant that provide full, comprehensive & up to date services with correspondents throughout the World, this permits BAFIS s.a to offer a worldwide service to business, Government & International organizations.

BAFIS s.a Facilities for the placement & underwriting of acceptable transactions for credit & indemnity guarantees in most of major currencies for contracts in excess of Million US$ Dollar.

The Underwriting facilities as given below is arranged and can be provided for established companies, who have the technical expertise, management experience and financial resources to undertake their contractual obligations.

CREDIT GUARANTEES

Under many classes of Insurance, including principle customer default, supplier default, and joint venture Partnership that involve a debtor/ creditor relationship between commercial or industrial enterprises.

Bafis s.a has specialized for many forms of bonds, guarantees & indemnities including performance & Advance payment Bonds, Annuity & financial Bond Guarantee to be arranged and delivered without defaults.

Underwriting Deposit Insurance relating to deposits with Banks, Insurance Companies & other Financial Institutions.

POLITICAL & COUNTRY RISK

In Addition to the above we shall be pleased to review and advise on other forms and types of Credit & Indemnity Guarantees for which underwriting facilities are required.

PROJECT INSURANCES

BAFIS s.a is able to provide together with an overview of their experience on major construction projects which may be relevant to the developments forming part of the projects in Ghana. We have had set out our comments on areas that we believe we wish to consider in relation to the project insurances.

Typically a project such as the Nine Hospitals required the minimum insurances and these provided essential basic risk protection and arranged for the long term of the project as:

• Construction Covering All Risk (CAR)
• Third Party Liability during Construction
• Political Risk
• Delay in Start Up
• Risk of the Guarantor's repayment

SPECIALIST ADDITIONAL INSURANCE TO BE CONSIDERED

• Sabotage & Terrorism
• Efficacy & force Majeure
• Project Professional Indemnity
• Gradual Pollution
• Placement Structures
• Market Capacity
• Lenders
• Local Insurances
• Market Issues

PROJECTS SERVICES

BAFIS s.a & its insurance associates in Middle East, Asia, UK, France & Switzerland offers a range of risk management and insurance procurement services to project sponsors from the conception of the project through the financing, tendering, construction to the ultimate commissioning & operation of the facility.

The most important area at the outset of project can be the strategic advice which we provide to the project sponsor on areas such as:

• Structure & Design of Insurance program required to secure financial support
• Advice on Risk management & allocation between principle project participants
• Advice on Risk Insurability
• Budgetary Advice on Insurance costing
• Advice on reinsurance market capacity

PROJECT EXPERIENCE FOR BAFIS s.a

Our construction team has long outstanding experience ranging from major infrastructure projects worldwide (large power stations & Metro systems) as well as more conventional buildings projects. A list of some of these projects shows our diversity.

FINACIAL RISK

This business unit specializes in providing insurance protection in relation to political risk to both corporate entities & lenders.

MARINE

Specializing in insuring marine vessels and the cargo contained within them.

ACCIDENT & HEALTH

The unit can provide peace of mind for key personnel and families in relation to kidnapping and Ransom coverage.