×
×
Bank Guarantees (BG)
An undertaking by the Bank to pay a stated sum of money to a third party should you default in your obligation according to the terms of a contract.
Features
BG must have a specific amount, expiry date and claim period.
BG format must be acceptable to the Bank.
Guarantees are subject to the laws of the country.
Benefits
Assurance to Counterparty
Provide comfort and assurance to your counterparty thus facilitating your business expansion into new markets.
Enhance Trading Reputation
Enhance your trading reputation based on the Bank's strong credit standing.
Ease Cash Flow
Ease your cash flow in replacement for deposit required by a third party.
You may also like...
A written undertaking by the Bank issued on behalf of a buyer guaranteeing payments to a seller against presentation of compliant documents.
Handling of foreign and domestic inward collection documents for buyer/importer based on settlement term agreed with supplier/exporter.
A flexible solution for financing of goods and services under your imports or local purchases trade transactions.
There are more ways to reach us
Back to top
Copyright 2018 Affin Bank Berhad (25046-T).
