Bank guarantees
Guarantee Securing a Credit Line
Application Area
All kind of credit deals.
Purpose
Securing against claims by the by the lender on the borrower due to a credit (loan, etc.) not being repaid in accordance with the terms of the contract
Guarantee Amount
Loan amount with included interest rate costs.
Term
Expiry of loan increased by a preliminarily negotiated term (e.g. 15 days).