PRODUCT INFORMATION
Credit Guarantee is a payment guarantee that represents the irrevocable obligation of the bank to pay an amount up to a specified maximum if the debtor fails to meet obligations arising out of the credit agreement signed with the beneficiary. Additional benefits:
- Individual approach and modification in the wording of the guarantee according to the needs of your company and the beneficiary
- Framework agreement for easy repeated issuance of guarantees
- The experience of a strong international group
Credit Guarantee can be issued to cover not only the loan principal but also any payment obligations from the loan agreement, i.e. including interest and other fees.