Guarantees
Enjoy our wide range of guarantees.
Advance payment bond
Issued to a beneficiary as a guarantee, at the request of the supplier should the latter misuse the
advance payment granted to him to begin the work according to the contract.
Bill of exchange
A document containing an instruction to a third party to pay a stated sum of money at a designated future
date, which can be endorsed by the bank, hence serving as a guarantee for the beneficiary.
Immigration bond
An Immigration Bond is an undertaking issued by a bank on behalf of a customer, providing guarantee that
all the expenses of an expatriate will be met should the expatriate have to leave the country.
Performance bond
Issued to a beneficiary as a guarantee, at the request of the supplier in case the terms and conditions of
the contract are not observed.
Retention money bond
Issued to a beneficiary as a guarantee, at the request of the supplier in the event of the contractor's
refusal to remedy any defects/alterations after receiving full final payment on completion of the contract
and before the end of the maintenance period.
Tender bond
Issued to a beneficiary as a guarantee, at the request of an eventual tenderer who offers by tender to
enter into a contract.