Bank Guarantee Facility

The Bank Guarantee Facility a variable rate of interest that depends on the general trend in interest rates. This indispensable standard credit line enables you to control your liquidity needs on a short-term, same-day basis. A Bank Guarantee is an undertaking by the bank to pay the favouree (wholly or in part) the amount specified in the Bank Guarantee, upon presentation of the original document, irrespective of any prior instructions from the client

Leave a Comment