Is your buyer or the project owner demanding you to provide MT760 Guarantees to assure the positive completion of a particular trade deal or project? Then availing Performance Bank Guarantee might be the right choice for you! Here in this video, we have explained the process to get BG MT760 in a detailed way.
What is a Performance Bank Guarantee?
As the name implies, it’s a type of MT760 Guarantee which is used by contractors and suppliers to assure their performance towards their counter parties. This is a written undertaking issued by banks upon their client’s request. This assures that in case if the contractor or the seller fails to perform as per the agreed contract; then the project owner or the buyer has the right to claim the bond to cover the losses incurred.
Also, when large companies tend to purchase goods or bid for services from contractors; they require a guarantee that provides some sort of assurance to ensure that they will perform as per the agreed contract without fail.
Further, this type of bond is most often preferred by a contractor or supplier who performs the manufacturing of products; or construction of building projects, or the supply of goods or services.
How to Get Bank Guarantees SWIFT MT760
Are you looking to get a BG MT760 to ensure your performance towards your counterparties? When it comes to availing MT760 Guarantees, the main thing that strikes our mind is to get help from banks. But to issue such types of Bank Guarantees on your behalf; banks will demand a certain percent of the bond value as a cash deposit or cash margin.
If you don’t want to invest your funds to avail Guarantees on your company’s behalf; then get help from Performance Bond Providers in Dubai will be the right option for you!
We, Bronze Wing Trading L.L.C. have 30 plus years of experience in assisting contractors and suppliers by providing Performance Bond from European Banks. Further, to avail BG MT760 from us, there is no need for contractors and suppliers to block their funds to get MT760 on their behalf.
All you need to do is just submit your Performance Bond requirements to us. We will study your deal and get back to you with a FREE Quote!
Get Performance Bank Guarantee Without Blocking Your Cash Funds!