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.
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
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