Bid guarantee

It’s SeABank's commitment with the Guarantee (the bid solicitor) to ensure customers' obligation to participate in the bid (the Guaranteed).

Detail Information

Product Information

Benefit

Registration Conditions

Registration Procedure

Fee Schedule & Forms

- Ensuring the obligation to participate in bidding, competitive bidding or other forms of bidding of customers. In case the customer violates the bidding regulations but fails to perform or does not fully fulfill the financial obligation, SeABank will perform it on his behalf.
- Simple and fast procedure.
- No collateral, the collateral ratio is up to 100%.

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Counter guarantee

The counterparty undertakes to pay on behalf of the guarantor if the guarantor has to perform the obligation on his behalf, the obligor must repay

Detail

Performance guarantee

It's SeABank's commitment to ensure that the customer will perform exactly and fully the customer's obligations under the contract with the Guarantee.

Detail