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
Advance payment guarantee
Rent guarantee/Tenancy agreements
Contract and delivery 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.
What’s needed to get a guarantee?
Why should I choose DNB as my guarantor?