It is a written undertaking issued by the bank at the request of the customer, in which the customer acknowledges that the customer will pay the bank a financial value for the benefit of the entity to which the guarantee is issued, in the event of a claim for the value of the payment without referring to the customer or objecting to it. The customer also acknowledges the renewal of the letter of guarantee, but provided that the customer pays the bank the financial value at any time.

Contact Us