Help protect against the impact of exchange rate fluctuations and the risk of not being paid
When companies are buying and selling both domestically or internationally they may seek additional financial assurances from their customer. This can be realised through the provision of a Bond, Guarantee or Standby Letter of Credit.
Bank Guarantees (also referred to as Bonds) provide companies with additional protection in respect of their customers performance or financial obligations. We can issue Guarantees on your behalf or receive and validate Guarantees issued by other banks in your favour.
A Standby Letter of Credit is similar to a Bond or Guarantee. It is the primary guarantee instrument used in North America.
Provides you with security that your customer can meet their financial commitments.
Provides a safe and efficient way to mobilise your commercial relationships with your trading partners.
There are a wide range of different Bonds and Guarantees that can be issued depending on a customer’s specific requirements. They can be either performance related, to cover failure to perform under a contractual obligation, or they can support a financial obligation.