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Bank Guarantees

What are the Differences Between MT 700 and MT 760?

What are the Differences Between MT 700 and MT 760?

MT700 and MT760 swift message types that banks use when issuing documentary credits and guarantees, respectively. Banks use MT700 when issuing a commercial letter...
What is a Counter-Guarantee?

What is a Counter-Guarantee?

Bank guarantee means any signed undertaking, however named or described, providing for payment on presentation of a complying demand. Letter of credit means any arrangement,...
Bank Guarantee Sample in MT 760 Swift Format

Bank Guarantee Sample in MT 760 Swift Format

Bank guarantee means any signed undertaking, however named or described, providing for payment on presentation of a complying demand. MT 760 is a swift message...
Advance Payment Bank Guarantee Sample

Advance Payment Bank Guarantee Sample

Bank guarantee means any signed undertaking, however named or described, providing for payment on presentation of a complying demand. An advance payment bank guarantee is...
Performance Guarantee Sample

Performance Guarantee Sample

Bank guarantee means any signed undertaking, however named or described, providing for payment on presentation of a complying demand. Performance guarantee issued by a bank...
Bank Guaranteesvideo

Bank Guarantees

What is a Bank Guarantee? Guarantees are usually issued by banks, which is why they are also called 'bank guarantees'; however, they can also be...
Tender Bank Guarantee Sample

Tender Bank Guarantee Sample

A tender guarantee (also called a tender bond or bid bond) is requested from the tender participants during the tender processes. The aim of the...
Retention Money Guarantee Sample

Retention Money Guarantee Sample

Bank guarantee means any signed undertaking, however named or described, providing for payment on presentation of a complying demand. In big projects such as building...
What are the Differences Between Bank Guarantees and Letters of Credit?

What are the Differences Between Bank Guarantees and Letters of Credit?

Demand guarantee is an irrevocable undertaking issued by a bank according to instructions received from the principal, to pay the beneficiary any sum that...
Is It Possible to Confirm a Bank Guarantee?

Is It Possible to Confirm a Bank Guarantee?

In this article following topics will be explained: What is the definition of confirmation in letters of credit? What are the advantages of confirmation? ...
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