CEDB is committed to helping you create stronger business relationships - giving your customers and suppliers the security of knowing that your payment has been guaranteed by one of the country’s strongest financial institutions.
A bank guarantee allows you to offer customers, suppliers and other third parties a guarantee of payment to secure a contract or leasing arrangement without tying up your working capital or affecting your other business activities. Bank guarantees are usually needed to issue:
- Bid bonds
- Performance bonds
- Advance payment guarantee
Benefits can entail from freeing up your cash for other investment or growth opportunities to earning extra revenue on interest received from money that you would have otherwise have paid as a deposit to the third party.
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