TYPES OF BANK GUARANTEES:
  1.  Performance Guarantee.
  2. Financial Guarantee.

Performance Guarantee:
Performance Guarantee is one by which:

 Due performance of a contract undertaken by a customer in favour of Govt. bodies and others for supply of materials, construction of building etc.
 Due performance of an equipment/project after completion for a specific period.

Financial Guarantees:
Financial Guarantees provided by us include:

 BG issued in lieu of earnest money/security deposit specified to be deposited while contractors bid for a tender in favour of Government Departments and others.

 Guarantees for obtaining advance payment.

 Guarantees issued in favour of IATA/Airlines for providing air tickets to travel agents.

 Guarantees issued in favour of Electricity Boards and Power Utilities, Water Boards etc guaranteeing payment of electricity/water bills.

 Guarantees issued for releasing retention money.

 Guarantees issued in favour of nominated Banks for selling gold to Jewelers on credit.

 Guarantees issued in favour of Customs/Excise/Sales Tax for deferring payment of duties.

 Guarantees/ Comfort letters issued in favour of lenders of buyer's credit/ suppliers credit.

 Guarantees issued in favour of Banks/Financial Institutions(FIs) guaranteeing repayment of loans.

 Guarantees issued to Stock Exchanges on behalf of Stockbrokers for margin money.

 Guarantees issued under Export Promotion Capital Goods(EPCG) Scheme for customs duty exemptions.


Contact:
Email: jasongavin44@gmail.com
Telephone: + 44 7452 390049
Twitter: @JasonGa58390383






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