A bank guarantee is a widely recognised, universal instrument that ensures the fulfilment of contractual obligations.
Bank GPB International S.A. offers a wide range of bank guarantee operations, such as issuing:
- Performance guarantees
- Advance payment guarantees
- Payment guarantees
- Tender guarantees / Bid bonds
- Customs guarantees
- Counter guarantees in favour of third banks.
The Bank provides services under guarantees issued by correspondent banks, including advising and presentation of claims.
Guarantees are subject to the Uniform Rules for Demand Guarantees (2010 Revision, ICC Publication No. 758).