bd87
I have not transferred a single cent to Singapore for my bank guarantee. The Singapore branch of my "home" bank has issued a guarantee to SIA to pay the 56 K whenever SIA wants it.
As a collateral for this my bank first accepted my shares in a European Company. When I bailed out from the stockmarket one year ago they transferred the collateral to my home in Europe.
SIA don't give a s__t about how you guarantee the money towards your bank. They only require the letter from a bank with a branch in Singapore. They don't even know whether you have transferred the money or not.