Guarantee Services
Our rich experience and deep linkages with other correspondent banks allow us to dispense valuable insights to our customers, mitigate unanticipated risks, and ensure that our clients trading across the globe is smooth and secure. The need for a bank guarantee is routinely faced by businesses for a wide variety of reasons. To secure your interests and those of your counterparts, we offer the following bank guarantees.
Advance Payment Guarantee
An advance payment guarantee is used when the contract provides for advance payment to be made to the seller.
Know MoreBid-Bond
A bid bond is issued as part of a supply bidding process by the contractor to the project owner, to provide guarantee, that the winning bidder will undertake the contract under the terms at which they bid.
Know MoreLetter of Guarantee
A letter of guarantee represents an obligation on the part of the issuing bank to meet any financial obligations that the principal debtor fails to honor.
Know MorePerformance Guarantee
A performance bond, also known as a contract bond, is a surety bond issued by an insurance company or a bank to guarantee satisfactory completion of a project by a contractor.
Know MoreStandby Letters of Credit
A Standby Letter of Credit protects the interests of the principal by ensuring that in the event that a contractor fails to fulfill its contractual obligations, the bank must make the payment guaranteed by the SBLC.
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