Bank Guarante (BG)
A Bank guaranty is a promise from a bank or other lending institution that if a specific borrower defaults on a loan, the bank will cover the loss. Note that a bank guaranty is not the same as a letter of credit.
A letter of credit is written commitment document issued by a bank or other financial institutions to assure payment to seller on the basis of documentary proof on fulfillment of performance by seller as per terms and conditions mentioned in LC. A bank guaranty is a commercial instrument guaranteeing by bank to a party (parties) on behalf of his customer, assuring the beneficiary to effect payment on default of obligation.
Letter of credit covers your trading risks by guaranteeing &protecting your payments.
Foreign Finance Bank expertise help your business guarantees the edge.
We provide you unique services for your business transaction.
Foreign Finance Bank offers your business by:
One of the payment methods in the international trading is Bank Guaranty which supports all kind of businesses. We issue the BG in only 1 day for 100% margin.