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

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.

How can I access technical support?

Here’s how you can access technical support when using the foreign exchange platform from online banking for business.

Is there a fee if a transaction is cancelled or modified?

Learn more about the transaction fees that may apply in case of cancellation or modification of foreign exchange contract.