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International Letters of Guarantee

International Letters of Guarantee - Slider

International Letters of Guarantee

The guarantee letters issued by BRD are a proof of reliability for your business partners abroad.

Guaranteeing the meeting of obligations towards contractual partners (clients, suppliers)
Correlating the validity of the guarantee with the terms of the contract signed with third parties
Facilitating the internal and international commercial relations

The international letters of guarantee are the ideal solution for your business if...
The company participates in an international call for tenders or a foreign partner requests a performance bond.

The bank provides the following types of guarantees:

Bid bond
Advance payment guarantee
Performance bond
Payment bond

How are the letters issued?

These guarantee letters are issued individually or under guarantee ceilings, if the requests for guarantee are multiple and recurrent.
Letters may be issued on paper or through the SWIFT Channel, in lei or in foreign currency.
The validity of a guarantee is correlated to the contractual provisions between the company and the partner.
The guarantees requested upon the issue of the bank guarantee letters may be deposits, mortgages on movable and immovable assets, guarantees issued by guarantee funds, etc.

Can a client request the issuance of several letters?

Yes, depending on the specificity of the company's business, we can issue bank guarantee letters individually or under ceilings.

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