What is a letter of guarantee?

Your international transactions may sometimes require certain commitments demonstrating your solvency. The letter of guarantee is an irrevocable commitment by the bank to provide your customer with a monetary benefit in the event that you are unable to meet your financial or contractual obligations.

How does it work?

The bank makes a payment to your customer (the beneficiary) upon presentation of documents proving a default or failure on your part.

We offer you five tailor-made guarantee models:

Bid guarantee
Performance guarantee
Advance payment guarantee
Financial guarantee
Standby letter of credit

For more information, visit our page Managing your commercial transactions.

Related questions

Why can't I see the rate for my contract?

Discover how you can access information from your foreign exchange trader if your contract rate is not displayed. Learn more from our Business Help centre.

Who do I contact about fees and rates?

Don't know who to contact about fees and rates for the foreign exchange platform? Get your information here on navigating the platform.

Do I still have access to a trader for my operations?

Learn about how you can access your foreign exchange trader for your transactions in our online banking for business.

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