Guarantees
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Guarantees
Guarantees
Guarantee presents an instrument of collateral under which the bank assumes the obligation to pay a certain amount to a third party in case the customer fails to pay on time or act in accordance with agreement made with the above third party.
Societe Generale Serbia issues and advises different types of LGs:
- For securing the payment
- For the recourse of advance payment
- Provisional guarantees
- Bid bond
- Performance guarantee
- Guarantees for timely performance
- Customs guarantees
- Counter guarantees