If you are an importer or exporter who is worried about the associated threat of non-payment and non-f ulfillment of terms & conditions in an international trade transaction, then it is a high-time of availing a bank guarantee service. But what is it? A bank guarantee is simply a legal document/promise made by the issuing bank where a bank or financial institution guarantees an on-time payment to the seller in the event if the buyer fails to make the payment or fulfill the terms & conditions of the contract. In short, it ensures the seller that they would be paid if the buyer defaults.
A Bank guarantee is an essential type of trade finance instrument that can be used in business transactions to protect the seller from financial losses. If you are also looking for a bank guarantee, Axios Credit Bank can help you. With great years of experience in the finance industry, our team of well-trained, expert, and qualified financial advisors conducts a thorough evaluation of the transaction you are initiating and comes up with an appropriate and suitable bank guarantee option. Contact now.
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