Bill guarantee – a bill guarantee given on the face of a bill of exchange. Surety is most often given for the issuer of the bill of exchange or the drawee. Bank guarantee on the bill of exchange presents security for the bill holder that it will collect it at maturity and substitutes for a guarantee in practice.
With prior agreement with us, make an agreement with your foreign partner to draw a bill of exchange on you for the goods you imported with deferred payment. When you accept that bill, we shall guarantee the bill of exchange – issue a bill guarantee. After that, your partner may discount (sell) that bill of exchange before maturity with its bank or wait for it to be paid with certainty at maturity.