When a company needs a bond to support a contract in a different part of the world, it can be much easier – and more cost effective – to make use of the facilities of a company with a global network, such as Allianz Trade, to issue those bonds. Having operations around the world, Allianz Trade can easily contact counterparts in the country where you need the bond, and our local underwriting teams will feed back on the acceptability of the bond and write the bond on your behalf with our guarantee. An issuer without that kind of international reach typically needs to structure some kind of fronting arrangement with a local third party, which can involve high fees and longer timescales. So, by working with a bond provider with a broad global footprint – like Allianz Trade – your organization can have bonds issued rapidly, sometimes in a matter of hours rather than, perhaps, having to wait weeks. As well as individual bonds, a company might need a broader facility for tens or even hundreds of millions of dollars to support multiple contracts in a country where it has multiple potential or active contracts. However, it is important to note that such facilities are not just for large companies – Allianz Trade also works with lots of small and medium-size business where the need might be for a facility of US$500,000. So, all sizes of projects can be covered.