Types of Bank Guarantee?

There are eleven different types of bank guarentees. The first is a Direct Bank Guarenteee that is issued by the applicant’s bank directly to the company or person who is the beneficiary. This is one of the least expensive options. The second is indirect bank guarentee where a second bank is part of the transaction and is located in the country where the beneficiary is located. There are also confirmed guarentees, tender bonds, performance bonds, advance payment guarentees, payment guarentees, loan repayment guarentees, B/L letter of indemnity, rental guarentee and credit card guarentees. To see the differences between each see: To find more information click here: