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The concept of a bank guarantee covers a wide range of financial support that the bank can provide its customers, without directly making funds available to them but instead being a co-signatory to a third-party on behalf of a customer. If the client who is the instructing party defaults, the bank will be required to make good its commitment.
The most common guarantees are:
- Tenancy guarantees
- Tendering guarantees
- Advance payment guarantees
- Performance bonds
- Retention fund release guarantees
- Performance guarantees
- Export credit guarantees
For further details about other bank guarantees provided by BCEE, please contact one of our SME advisers.



