ABSA Bank Guarantee
These services support your business by demonstrating your financial credibility and ability to meet contractual obligations.
Type of bank guarantees offered by Absa
- Bid bonds
- Performance guarantees
- Custom bonds
- Advance payment guarantees
- Retention money guarantees
- Shipping guarantees
- Maintenance guarantees
How it works
- Guarantees help provide specific support to your contracts.
- Guarantees can be made for any amount and in any freely-traded currency.
- We can work with you to tailor the wording of our guarantee to support your requirements.
What you get
- Provide your buyer with a financial commitment to supply goods or services as agreed under a contract.
- Tender for business that was previously out of reach.
- Improve the terms of your tenders enabling you to negotiate better terms on contracts.
- Make your proposition more attractive to your buyer.
Bonds, Guarantees and Indemnities are right for your business because:
- Through our sector expertise we understand the importance of bank guarantees. As each business and transaction is different, we can work with you to tailor the wording of our guarantee to support your requirements,
- They help provide specialist support for SA or overseas contracts,
- Guarantees can be made for any amount and in any freely-traded currency, subject to availability of suitable facilities,
- They can help in tendering for business that may otherwise have been out of reach.