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Banking guarantees represent an irrevocable commitment on the bank’s behalf, either to your suppliers as a guarantee for the continuation of business process, or to enter bids proposed in the market

Payment guaranties

Pledge from the Bank on your behalf to pay any checks drawn from your account for the benefit of your suppliers in the case of re-entry

Payment guaranties features

  • Provides you the opportunity to purchase using future cheques that commensurate with your available liquidity
  • Renewable for one year.
  • You can cancel it at any time through the agreement with the beneficiary supplier.

Required documents

  1. Internal regulations.
  2. The company’s establishment contract with its right of borrowing, leverage.
  3. Copy of the company’s registration certificate that shows the shareholders’ names and the authorized signatories of the company.
  4. Copy of the company’s and authorized signatories’ IDs.
  5. Audited financial statements of the last two years.
  6. Account statement of the last 6 months from the Banks that was associated with “if available”
  7. Valid insurance policies on the goods or life insurance policies, if any.
  8. Clearance with the Income Tax Department.
  9. Copy of the agreement made with the beneficiary of the guaranty.

Bid ponds guaranties

Commitment from the Bank to the beneficiary to prove the entry of the customer to the bid, and the ability to undertake it.

Bid bonds guaranty Features

  • Its Duration is limited by the bid conditions.
  • The need ends when the bid is moored on one of the contestants.

Required documents

  1. Internal regulations.
  2. The company’s establishment contract with its right of borrowing, leverage.
  3. Copy of the company’s registration certificate that shows the shareholders’ names and the authorized signatories of the company.
  4. Copy of the company’s and authorized signatories’ IDs.
  5. Audited financial statements of the last two years.
  6. Account statement of the last 6 months from the Banks that was associated with “if available”
  7. Valid insurance policies on the goods or life insurance policies, if any.
  8. Clearance with the Income Tax Department.

Performance bonds

A pledge from the bank to guarantee that you will implement the bid in the best way and according to the conditions agreed upon and the mandatory bid terms.

Performance bonds guaranty features

  • Reflects a clear image of the bank’s integrity in implementing the bids through previous experiences.
  • Provides you with a chance to implement the bidding without the obligation to pay insurance in cash to the beneficiary.

Required documents

  1. Internal regulations.
  2. The company’s establishment contract with its right of borrowing, leverage.
  3. Copy of the company’s registration certificate that shows the shareholders’ names and the authorized signatories of the company.
  4. Copy of the company’s and authorized signatories’ IDs
  5. Audited financial statements of the last two years
  6. Account statement of the last 6 months from the Banks that was associated with “if available”
  7. Valid insurance policies on the goods or life insurance policies, if any.
  8. Clearance with the Income Tax Department
  9. Copy of the bid

Maintenance guarantees

Pledge from the bank to guarantee that you will be responsible for the maintenance work needed during a whole year after the completion of the bid.

Maintenance guarantees features

  • Increase the confidence between you and the beneficiary, which increases your chances to expand the size of your business in the future.
  • Gives the owner of the bid enough reason to pay you all your refunds and not to block any amounts for maintenance purposes.

Required documents

  1. Internal regulations.
  2. The company’s establishment contract with its right of borrowing, leverage.
  3. Copy of the company’s registration certificate that shows the shareholders’ names and the authorized signatories of the company.
  4. Copy of the company’s and authorized signatories’ IDs
  5. Audited financial statements of the last two years
  6. Account statement of the last 6 months from the Banks that was associated with “if available”
  7. Valid insurance policies on the goods or life insurance policies, if any.
  8. Clearance with the Income Tax Department
  9. Copy of the minutes of the project’s delivery.

Shipping Guarantees

Pledge from the bank to guarantee that you will receive the goods before the arrival of the bill of lading as the certificate of ownership, provided that the shipping company is given the original bill of lading when received by the bank. The goods arrive before the shipping documents, bill of lading in particular, have been processed.

Shipping Guarantees features

  • Save the time spent waiting for the original bill of lading in order to receive the goods.
  • Maintaining the quality of the goods and preventing any damage at the port.

Required documents

  1. Internal regulations.
  2. The company’s establishment contract with its right of borrowing, leverage.
  3. Copy of the company’s registration certificate that shows the shareholders’ names and the authorized signatories of the company.
  4. Copy of the company’s and authorized signatories’ IDs
  5. Audited financial statements of the last two years
  6. Account statement of the last 6 months from the Banks that was associated with “if available”
  7. Valid insurance policies on the goods or life insurance policies, if any.
  8. Clearance with the Income Tax Department
  9. Copy of the bill of lading and preliminary invoice.