Guarantees/Bonds:

A written payment guarantee issued by us upon request of the applicant for fulfilling certain obligation in the signed contract, the guarantee has a definite amount, tenor, and commitment on certain payment obligation or economic compensation.

- Types of guarantees/ bonds: bid bond, performance bond, advance payment bond and quality bond.

- Guaranteed by bank’s credit, which is convenient for commercial transaction and other economic activities.

- Wide scope of any economic activity that required the involvement of the bank credit will be applicable cost for the company.

- When it is used as a payment instrument, guarantee can be used independently, which can be also jointly used with other instruments such as: Letter of Credit, collections, and remittances, etc.