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Home >> Businesses & Institutions >> Businesses >> Bonds & Guarantees
Bond/Guarantees
"What is a bond?"
Either conditional or unconditional, issued by the issuing bank on behalf of a corporate customer or overseas bank, guaranteeing that should the principal not comply with his obligations under the contract, leading to a claim under the Guarantee, then Co-operative Bank will make financial recompense to the beneficiary in accordance with the terms of the Guarantee.
Other types of Bonds/Guarantees available to customers
  • Bid/Tender Bond
  • Performance Bonds
  • Advance Payment Bonds
  • Retention Bonds
  • Custom Duty Deferment Bonds
 
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