Bank guarantee
Confidence in every business deal
About bank guarantees
A bank guarantee is the bank’s commitment to a third party (the beneficiary) to fulfil the financial terms of an agreement if you are unable to do so yourself. Bank guarantees can be used for various purposes: to participate in a tender, confirm the reliable fulfilment of a contract, secure the return of an advance payment, or demonstrate your solvency to partners.
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Tender guarantee
Ensuring participation in tenders and confirming the seriousness of the bidder’s intentions
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Performance guarantee
Ensuring proper fulfilment of contract terms, including the results of works or delivery of goods
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Advance payment guarantee
Protecting an advance payment in case of non-fulfilment of contract terms
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Payment guarantee
Confirming the buyer’s ability to meet payment obligations