Bank Gurantee
A bank guarantee is used as collateral for various liabilities to and receivables from trading partners. It is an unconditional and irrevocable undertaking of the bank to pay a specified amount to the beneficiary in case of failure of the applicant (the bank’s client) to meet the terms of the agreement within the time specified in the bank guarantee.
A BANK GUARANTEE MAY SECURE
BENEFITS FOR TRADE PARTNERS
CHECK ADDITIONAL FEATURES
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