Bid guarantee
VRB commits in writing with the beneficiaries to perform their financial obligations on behalf of the principals when the principals fail to implement or deficiently implement their agreed obligations according to the letters of bid guarantee.
Benefits
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Enhance trust and reputation in economic relations with partners
Features
Increase the prestige and credibility of the customer with partners
Guarantee methods: term loan and/or limit
Flexible guarantee terms on demand
Diverse collaterals for guaranteed obligations: cash deposits, deposit contracts, real estate, etc.
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