Letter of guarantee 
 

 Letter of guarantee 

Letter of guarantee 

A reliable commitment


 
The LETTER OF GUARANTEE issued by SGBL allows you to secure local and international business operations, maintain confidence with business partners and access easily to new foreign markets.
    Important for your activity
    • To cover the risk of nonpayment of the buyer
    • To enhance your company’s image
    • To facilitate your access to export markets
Several types guarantees for an optimal protection
    •  Contractual guarantees:
      • Bid bond guarantee: Allows the supplier to participate in local or international bids and guarantees the buyer truthfulness and seriousness of the bids.
      • Advance payment guarantee: Guarantees the buyer that his deposit was well used for its specified transaction or project purposes
      • Performance bond: Ensures a compensation to the buyer if the supplier does not respect the good execution of the project's contract
      • Retention guarantee: Ensures the buyer the refund of part of his payment in case the delivered material or completed work appear to the use, during warranty period, of poor quality
    • Unconditional guarantees: Credit guarantee, judicial guarantee and payment default guarantee
More info
Visit any SGBL branch to sign an application of issuance for a LETTER OF GUARANTEE which includes the following information:

  • Originator's name and possibly for whom the guarantee is provided
  • Name of local or foreigner beneficiary
  • Amount of the guarantee
  • Maturity of the guarantee
  • The objective of the guarantee (or its type) and the initial contract reference
 
 

© SGBL 2011 netways
List of banks N° 19, Decree N° 2496, dated 13/08/1953