PRODUCT INFORMATION
Performance Bond is a non-payment guarantee that represents the irrevocable obligation of the bank to pay the specified amount if the applicant (i.e. supplier) fails to meet the contractual obligations. Contracting the guarantee with Raiffeisenbank gives you a number of additional 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
If you fail to meet your contractual obligations, the guarantee covers quantity, quality, deadlines and other conditions (installation, training, etc.)