Bank Guarantee (BG)
Euro Finance Group Ltd assure bank guarantees to all our customers and take care of all the processes that are involve.
We provide a simple referral channel that increases your capacity to meet the investment needs of your clients in a specialist asset class. Our distributors benefit from a diversified product range and a value-added proposition for your clients’ portfolios.
A Bank Guarantee (BG) is very similar to a Letter Of Credit (LC) as they both are used for many types of business transactions (financial or performance based).
The real difference between the two is that a Letter Of Credit (LC) ensures that a business transaction goes as planned, whereas a Bank Guarantee (BG) reduces losses if a business transaction doesn't go as planned.
A Bank Guarantee (BG) guarantees a certain sum to the beneficiary if the opposing party doesn't fulfill its specific obligations under their agreed upon contract.
Bank Guarantees (BG) ensure both sides in a contractual agreement from credit risk.
We have eight types of Bank Guarantee,.
1. Bid Bond Guarantee
2. Performance Bond Guarantee
3. Advance Payment Guarantee
4. Warranty Bond Guarantee
5. Payment Guarantee
6. Rental Guarantee
7. Letter of Indemnity
8. Confirmed Payment Order Guarantee
Over the years, we’ve built relationships with a large number of global distributors, strategic partners and introducers who we pay very lucrative fees to.