Bank Guarantees (BG)

We provide the various types of Bank Guarantees to support you in fulfilling your contractual business requirements.

A BG is a guarantee issued by a bank for an account holder where the bank agree to pay a beneficiary up to a guaranteed sum when a valid claim, as dictated in the terms of the BG, is received by the bank. BG is usually issued in lieu of advance payments or cash deposits.

Benefits:

  • Guarantees your capability to meet payment obligations.
  • Makes you a more credible and attractive trading partner.
  • Removes the necessity to raise cash to meet the deposit requirements, and allows funds to be used to support working capital requirements.