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Guarantees Contractual Obligation Irrevocable Obligation Sum of Money Non-performance
Target Regularly Tender for Business Construction and Engineering Companies Cross-Border Guarantees
Types of Guarantees Bid/Tender Bond Performance Guarantees Surety Bonds Advance Payment Guarantees Facility Guarantee Payment Guarantee Standby Letter of Credit Retention Money Guarantee
Bid Bonds Ensure Non Withdrawal Condition of Permission to Tender 2% - 10% of Contract Value
Performance Bonds Underwrite Contractor’s Performance Indicates Contractor’s Creditworthiness 5% - 10% of Contract Value
Advance Payments Working Capital 10% - 20% of Contract Value Undertaking Given to Refund Amount Prepaid
Gives Credence to Customer’s Capability to Fulfil Obligations Benefits Reputable RSA Banks Accepted Worldwide Favourable Terms
Considerations Credit Limit Required Payable on Demand Bank: – Not Obliged to Examine Validity – Legally Obliged to Pay
Mitigating Risk Inherent in International Trade AMCHAM: Doing business with Colombia Wednesday 6 th April & Tuesday 12 th April, 2011.
INTERNATIONAL TRADE SERVICES
Making our experience and expertise work for you!.
LETTER OF CREDIT CITD SEMINAR
Bank Guarantees and Indemnities 26 th August 2013 Abdul Yassim Vice President Trade and Working Capital 1 Absa presentation title Date of presentation.
INFORMED DECISIONS SURETY BONDS OR BANK LETTERS OF CREDIT 2013.
Credit risk management Foreign Trade Transaction Lecture 11th Dr. Katalin Csekő.
Surety Bond Claims State of Colorado 05/15/2013. State of Colorado Surety Bond Overview Construction Contract Surety Bonds Bid – Guarantees bidder will.
Fulfillment of Contractual obligations within the stipulated time frame is the essence of any contract. LIQUIDATED DAMAGES (LD) are charged as a compensation.
Trade Finance & Factoring
SURETY BONDS Managing the Risk of Contractor Default.
Legal Issues in Procurement Fiduciary Forum 2008 Presented by Alison Micheli (LEGIA)
Applying for Credit Chapter 26.1.
1 Need For Bonds 18 April st CONS Home of the Two-Time AFSPC Top Dollar Champions! Top Dollar Champions! “Takin’ Care of Business”
CIVL202 Construction Engineering I
1 Chapter 3 Instructor Shan A. Garib, Winter 2013.
Chapter 6 专业 PPT/ 商演示设计制作 Payment Methods - Bank guarantee and standby credit.
EXPAND YOUR BUSINESS INTERNATIONALLY FINANCING SUPPORT TO ORGANIZATION OF WOMEN IN INTERNATIONAL TRADE.
Chapter 17 Construction Bonds Vanessa S. Werden
Guaranteed Investment Contracts Chapter 9 Tools & Techniques of Investment Planning Copyright 2007, The National Underwriter Company1 What is it? Traditional.
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