Bank guarantees

Guarantee is a bank obligation to fully or partially pay the amount of money to the beneficiary of the guarantee upon receipt of payment demand and other documents specified in guarantee if the company the bank guarantees for fails to fulfill their obligations or fulfils them improperly.

  • Bank guarantees demonstrates financial stability of the company.
  • Bank guarantees secures company‘s payment and contractual obligations.
  • Bank guarantees is independent from the underlying contract and payable upon guarantee beneficiary‘s demand for payment.