Bank Guarantee
Your success is important.
Our Bank Guarantee solutions serve as a promise that we will assume liability for a particular debtor if you do not meet your contractual obligations.
In other words, the bank offers to stand as the guarantor on your behalf, as a business, in a transaction. That is what a partner does.
Benefits:
- Assurance to a supplier that the payment will be made on a specific date
- Serves as collateral for reimbursing advance payment from a buyer if the seller does not supply the specified goods per the contract
- Serves as collateral for repaying a loan
- Serve as collateral for rental agreement payments
- Serve as collateral for costs incurred if services or goods are not provided as contractually agreed
