We cover up to 80% of the banking guarantee letters issued by the commercial banks for infrastructure development projects, public utilities, support of research-development activities, environment protection, human resources, SME development etc.
– Letter of banking guarantee: bidding participation, advance payment reimbursement, good execution etc.
– Guarantees facility, hereby named LBG
– Banks issuing LBG
– Risk of non payment of LBG in case of its execution following the un-fulfilment of contractual obligations or tender book provisions.