Issuance, confirmation, and advising of guarantees;
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It is a written guarantee in which the bank undertakes to make a payment to the Beneficiary in case the Principal fails to fulfill their contractual obligations
Issuance and notification of guarantees
Issuance, confirmation, and advising of guarantees;
Confirmation by correspondent banks
Confirmation of guarantees by first-tier correspondent banks;
Multicurrency operations and risk management
Considering risks, the possibility to isolate funds in one currency and open a guarantee in another currency.
SWIFT & Third-party approvals
Transmission of guarantee information via SWIFT and confirmation of guarantees received from other banks.