GUARANTEES
Helping you with successful & safe transactions
A guarantee is an efficient solution FNB customers can use to enable trust between two parties in a transaction.
The guarantee replaces the need for one party to provide another form of security such as cash.
What this is
A Local Guarantee is where a guarantee is issued to a beneficiary in South Africa, whereas a Foreign Guarantee is where a guarantee is issued to a beneficiary outside of South Africa.
FNB can issue guarantees directly to foreign beneficiaries or indirectly to foreign beneficiaries via a foreign bank.
Read more about the guarantees we offer in our Guarantees Brochure
Guarantees offered:
- Advance Payment
- Bid Bond/Tender
- Construction
- DMR
- Eskom
- Facility
- Fuel
- Lease/Rental
- Letter of Undertaking
- Payment
- Performance
- Retention
- SARS
- Shipping