SME TRADE FINANCE
Bank Guarantee is an irrevocable commitment by a bank to pay a specified sum of money in the event that the party requesting the guarantee fails to perform the promise or discharge the liability to a third person in case of the requestors default.
A bank guarantee allows you to offer customers, suppliers and other third parties a guarantee of payment to secure a contract or leasing arrangement without tying up your working capital or affecting your other business activities.
A bank guarantee may suit your business if you need to promise payment to a third party, (e. g: to secure a business contract or leasing arrangement) or if you are in an industry such as property development, building, contracting or retailing.
Types of Guarantees:
Advance Payment guarantee
Retention Money guarantee
Avalisation of bill of exchange
Shipping guarantee issued in the absence of original Bills of lading as regards to imports
GFA (Garantie Financiere d’Achevement)
Any Question ?
Talk to us. Assisting you is a privilege!
Or call us on 405 94 00.