Leased Bank Guarantee

What Does Leased Bank Guarantee Mean?

A bank guarantee that is leased to a third party for a specific fee. The issuing bank will conduct due diligence on the creditworthiness of the customer looking to secure a bank guarantee, then lease a guarantee to that customer for a set amount of money and over a set period of time, typically less than two years. The issuing bank will send the guarantee to the borrower’s main bank, and the issuing bank then becomes a backer for debts incurred by the borrower, up to the guaranteed amount.
Victor William
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  1. I agree, it’s unusual, probably ever

  1. June 16th, 2011
  2. June 17th, 2011
  3. June 17th, 2011
  4. June 17th, 2011
  5. July 5th, 2011
  6. July 5th, 2011

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