Guarantees
Businesses sometimes need to guarantee payments and the best way to do so is to provide a guarantee issued by a financial institution, which assures the creditor that payment will be made on completion of the transaction. Transkredit Guarantee provides financial backing and credit augmentation for her client and serves to reduce risk, thus aiding transaction execution, closing and delivery.
Businesses sometimes need to guarantee payments and the best way to do so is to provide a guarantee issued by a financial institution, which assures the creditor that payment will be made on completion of the transaction. Transkredit Guarantee provides financial backing and credit augmentation for her client and serves to reduce risk factors, thus aiding transaction execution, closing and delivery
Our Solutions
Bid Bond Guarantee
This provides a guarantee on contractual obligations assumed by the bidder towards the party organizing a tender.
Financial Guarantee
This provides an indirect guarantee used to secure a financial commitment.
Performance Guarantee
This is a guarantee issued by a financial institution that states the ability of the applicant to perform a contract directly in favour of the beneficiary.
Deferred/Advance Payment Guarantee
Advance payment guarantee secures the advance payment made by the contractee in favour of the contractor if the latter fails to fulfil contractual obligations. While deferred payment guarantees are issued for clients intending to embark on a long-term instalment payment for goods/services purchased.
Our Solutions
Bid Bond Guarantee
this provides a guarantee on contractual obligations assumed by the bidder towards the party organizing a tender.
Financial Guarantee
this provides an indirect guarantee used to secure a financial commitment.
Performance Guarantee
this is a guarantee issued by a financial institution that states the ability of the applicant to perform a contract directly in favor of the beneficiary.
Deferred/Advance Payment Guarantee
Advance payment guarantee secures the advance payment made by the contractee in favour of the contractor if the latter fails to fulfill contractual obligations. While deferred payment guarantees are issued for clients intending to embark on a long-term installment payment for goods/services purchased.
