They are divided into the following:
- Import and Export Letters of Credit (LCs)
- Refinance under issued Letters of Credit
- Import and Export Documentary Collection (IDCs)
- International and Local Guarantees
Different types of guarantees to support our clients in their business operations are provided at ALEXBANK. The most common guarantee is the Letter of Guarantee.
Letters of Guarantee is a document issued by the bank in favor of a third party to guarantee our clients. Guarantees provided may be in the form of financial guarantee or a performance guarantee.
Types of Letters of Guarantee are mainly:
- Bid Bond
- Performance Bond
- Advance payment Guarantee
- Payment Guarantee
- Draw-back Guarantee
- Counter Guarantee
- Maritime Guarantee
Our professional dedicated team for all Global transaction banking products and services are available for you through Email: GlobalTransactionBanking@AlexBank.com