Guarantee
A Bank Guarantee (BG) is a written commitment by the bank (guarantor) to pay the beneficiary a certain sum of money within a specified period if the applicant (principal) fails to fulfill his contractual or other obligations of an underlying transaction. It is normally used to secure either a financial or performance obligation of the principal
Product Offerings
- Tender Guarantee / Bid Bond
- Performance Guarantee
- Advance Payment Guarantee
- Standby Letter of Credit (SBLC)