Trade guarantees
A guarantee represents a standalone commitment of our bank, issued at a Client's request, to make payment to the beneficiary accepting the guarantee in the event of the Client default under its contractual obligations toward that beneficiary.
Depending on the nature of the obligations to be secured, we can provide the following types of guarantees:
tender bonds (bid bonds),
advance payment guarantees,
performance bonds,
guarantees of payment for goods or services received,
guarantees that bills will be endorsed (pour aval).
loan repayment guarantees,
customs bonds,
L/C issuance guarantees,
guarantees of payment for documents presented for collection,
How do you benefit:
no need to immediately engage business cashflow,
improved creditworthiness of your business backed by the creditworthiness of our Bank.
