Indirect Foreign Bank Guarantee

Coopbank issues an indirect foreign bank guarantee on behalf of a foreign bank (correspondent bank to compensate (pay the sum of money) to the beneficiary (local or foreign) if the obligator/principal fails to fulfill his/her /its obligations in accordance with the terms and conditions of the contract.

Types of guarantee:

  • Bid Bond Guarantee
  • Advance Payment Guarantee
  • Performance Bond Guarantee