Bank guarantee is a security instrument whereby the bank accepts the obligation to execute the payment up to the amount stated in the guarantee upon the invitation of the guarantee beneficiary, if the applicant fails to execute an obligation related to the underlying operation.
Benefits of using a bank guarantee
By using a guarantee, enjoy longer payment periods, which will have a positive impact on your cash flow and working capital management
Don't jeopardise your liquidity - Use a guarantee as an alternative to using your own cash
Use the possibility of receiving an advance payment for financing the liability assumed
Meet the requirements for participating in a tender