A bank guarantee is a commitment issued by the bank on your company's behalf in favour of your domestic or foreign contractual partner, under which the bank as guarantor is committed to monetary compensation for the fulfilment of your company's contractual obligation within the stipulations specified in the guarantee commitment.
Your company can use bank guarantees as collateral in various contractual relationships relating to the fulfilment of the parties' contractual obligations.
An international bank guarantee means a guarantee issued in favour of a foreign beneficiary. In the case of a bank guarantee in foreign trade, the beneficiary is your company's foreign contractual partner.
A bank guarantee abroad can be issued as absolute guarantee or first demand guarantee. The first demand guarantee is widely used in international trade.
Fill in the form to apply for a guarantee: