Bank guarantee
When entering into contracts and agreements, one of the parties often requires their counterparty to provide security in the form of a bank guarantee.
What is a bank guarantee?
A bank guarantee is an obligation from a bank (the guarantor) to pay a certain amount to a guarantee creditor if our customer (the guarantee debtor) does not meet their obligations in an agreement.
Advantages for your business:
- secure payment of products and services;
- when a contract condition must be met;
- secure repayment of down payments;
- secure compliance with delivery times for work or deliveries.
The most common types of guarantees
Tender guarantee
Payment guarantee
Advance payment guarantee
Rent guarantee/Tenancy agreements
Contract and delivery guarantee
Licence guarantee
Loan guarantee
Maintenance bond
Toll guarantee
Guarantee for tax payment
Do you need any help?
We are available from Monday to Friday between 08:00 and 16:00 on 915 04800. If you have a client manager at DNB you can contact them directly.
Guarantees FAQ
What’s needed to get a guarantee?
Why should I choose DNB as my guarantor?