Bank Guarantee is a security instrument in domestic and international business transactions, through which the bank guarantees to the beneficiary that it will pay the specified amount if the primary debtor fails to fulfill their obligations.

Benefits for the Beneficiary:

In all its forms, a bank guarantee ensures security by providing compensation from the bank in case of non-payment or non-performance by the contractual partner.

 
Benefits for the Applicant:

By leveraging their bank’s name, the applicant secures a stronger position and better negotiation terms while also being protected from the beneficiary’s negligence.

 
Types of Guarantees:

Customs Guarantee

Advance Payment Refund Guarantee

Bid or Tender Guarantee

Performance Guarantee

Payment Security Guarantee

Loan Repayment Guarantee