Bonds and Guarantees
If your business is concerned about the risk of international trade, bonds are worth considering. Bonds are synonymous with Guarantees. They're an irrevocable commitment by us - or another bank acting on our instructions - to effect a payment, provided the terms of the bond are met. If the customer fails to comply with the terms of the underlying contract, then the beneficiary 'calls' the bond and receives financial compensation from us. Your business can choose from different classes and types of bond, each designed to cover varying trading circumstances.
Security Deposit for Labour Quota
Letter of Certification
Letter of Intent
Letter of Undertaking
Letter of Support
If you would like to learn more, feel free speak to us here.