Guarantees
Guarantees
Need to certify that you will fulfill your obligations in a procurement tender or assure another party in a transaction?
Use a bank guarantee. We will pay the guarantee amount should you fail to comply with your obligations.
Guarantee limits with ILTE individual guarantee
Types of Guarantees
Guarantees a monetary compensation to the announcer of a competition if the tenderer does not conclude the contract or changes / withdraws the tender.
Guarantees a monetary compensation to a buyer of goods or services, in the event that the seller fails to comply with their contractual obligations.
Guarantees a payment to a seller of goods or services, in the event that the buyer fails to pay for the goods or services.
Guarantees that advance payments will be returned to the buyer if the seller does not fulfill his obligations.
Guarantees a monetary compensation to the buyer of goods or services if the seller fails to fulfill the obligations of the warranty period.
How to apply for a bank guarantee?
Ensure security. Have the amount requested in the guarantee in your account with our bank or submit an application form regarding the limit on guarantees.
Submit a request. Submit an Application for a Guarantee.
Receive the guarantee! We will provide your guarantee in written or electronic form.
Easier business agreements