Guarantee is an irrevocable undertaking issued by the bank on behalf of its clients guaranteeing payment to third parties in the event of default by the customer. By providing a guarantee instead of upfront payment the client can retain his liquidity and save on interest costs.

Types:

• Bid Bonds (Tender Bonds)
• Performance Bonds
• Advance Payment Guarantee
• Retention Money Guarantee
• Shipping Guarantee
• Financial Guarantee

Terms & Conditions: Can Vary.