WHAT IS IT?

These are facilities secured by customer’s cash holdings.

Target Market

  • Construction companies
  • General Contractors
  • Ancillary suppliers and distributors

Features

  • Bonds are usually issued by the bank on behalf of a customer to aid in bidding for contracts
  • The beneficiary will be refunded or compensated by the bank to the extent of its undertaking on the presentation of pre-determined documents.

Benefits

This product program is targeted at customers who engage in Contract/ supply jobs.

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