Your international transactions may sometimes require certain commitments demonstrating your solvency. The letter of guarantee is an irrevocable commitment by the bank to provide your customer with a monetary benefit in the event that you are unable to meet your financial or contractual obligations.

How does it work?

The bank makes a payment to your customer (the beneficiary) upon presentation of documents proving a default or failure on your part.

We offer you five tailor-made guarantee models:

• Bid guarantee
  
• Performance guarantee
  
• Advance payment guarantee
  
• Financial guarantee
  
• Standby letter of credit
  

For more information, visit our page Managing your commercial transactions.