PRODUCT INFORMATION
Payment Bond is a payment guarantee that represents the irrevocable obligation of the bank to pay the specified amount if the applicant (i.e. the buyer ..) fails to meet the payment obligation arising out of the agreement as specified in the letter of guarantee. By contracting a guarantee with Raiffeisenbank, you obtain a number of other services and 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