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Credit Security Bond

Product Code:	0401
Availability:	10

Available Options

Guarantee Type

Direct Guarantee

Indirect Guarantee

Surety Guarantee

Qty

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Credit Security Bond

The credit security bond serves as collateral for the repayment of a loan. A loan is often made subject to the provision of collateral by the borrower himself or herself or a third party. The beneficiary can generally assert claims under this guarantee by declaring in writing that the borrower has not repaid the loan upon maturity.

Affiliate Tracking Code:5f68109db42d0

信用擔保債券

信用擔保債券作為償還貸款的抵押品。貸款通常以借款人本人或第三方提供抵押品為條件。受益人通常可以通過書面聲明借款人在到期時尚未償還貸款來主張本擔保下的索賠。

Affiliate Tracking Code:5f68109db42d0

Trade Agreement specification
Basic Agreement	By issuing a guarantee/surety bond, the bank acts as the guarantor for an obligation owed by the debtor. What these two instruments have in common is the bank’s promise to stand in for the payment of a debt or performance of a service should the debtor fail to fulfill his or her contractual obligations. With this promise, the bank undertakes to pay a maximum specified amount when the conditions of the guarantee/surety bond are met.Some countries still require their own country or bank-specific guarantee wording. The contacts in our guarantee department would be happy to answer any specific queries you may have concerning individual countries. The bank issues the guarantee directly to the beneficiary. The guarantee is sent to the beneficiary directly by the bank, via its principal or via a third-party bank, which passes it to the beneficiary without assuming any liability of its own.Indirect GuaranteeIf the beneficiary will only accept the guarantee from a specified bank, the applicant’s bank requests the beneficiary’s bank to issue a guarantee on the basis that the ap-plicant’s bank will assume full counter liability.

Trade Agreement specification

Basic Agreement

By issuing a guarantee/surety bond, the bank acts as the guarantor for an obligation owed by the debtor. What these two instruments have in common is the bank’s promise to stand in for the payment of a debt or performance of a service should the debtor fail to fulfill his or her contractual obligations. With this promise, the bank undertakes to pay a maximum specified amount when the conditions of the guarantee/surety bond are met.Some countries still require their own country or bank-specific guarantee wording. The contacts in our guarantee department would be happy to answer any specific queries you may have concerning individual countries. The bank issues the guarantee directly to the beneficiary. The guarantee is sent to the beneficiary directly by the bank, via its principal or via a third-party bank, which passes it to the beneficiary without assuming any liability of its own.Indirect GuaranteeIf the beneficiary will only accept the guarantee from a specified bank, the applicant’s bank requests the beneficiary’s bank to issue a guarantee on the basis that the ap-plicant’s bank will assume full counter liability.