Description:
A guarantee is a signed commitment generally issued by a credit institution in favour of a third party, which serves to guarantee the latter's solvency.
This is an act performed by a third party acting as guarantor to a creditor, who will be required to fulfil the obligation if the debtor fails to do so. The guarantee must be in writing. It may be established by private deed or by authentic deed.
Features:
For businesses/professionals only
Express delivery subject to conditions
Compliance with applicable banking regulations
Our Guarantees
MARKET GUARANTEES
- Tender bond : This is a commitment made by the Bank to guarantee companies in the context of tenders. It becomes null and void upon the award of the tender, and the original must then be returned to the Bank.
- Start-up advance deposit: It enables the company to have a head start in the market.
- Performance bond: It is intended to ensure the proper performance of the contract.
- Retention bond: It allows the company to retain the guarantee before the end of the guarantee period specified in the contract.
TAX AND PAYMENT GUARANTEE DEPOSITS
Tax guarantees are guarantees issued by the bank to secure customers' customs transactions.
- Fictitious warehouses : this is a scheme whereby the customs authorities grant importing customers authorisation to store their goods in approved warehouses prior to clearance and payment of customs duties and taxes, against a bank guarantee.
- Temporary admissions : this is a procedure whereby customs authorises the release of certain goods into circulation under customs control for a period of generally 18 months, guaranteed by a bank guarantee.
- Acquired on bail : this is a customs procedure recording the entry of goods that must be released for consumption or re-exported after a period of three (03) months against a bank guarantee.
- Removal credit : this is a scheme whereby the customs administration allows importers or exporters to remove their goods as and when checks are carried out, before clearing and paying customs duties and taxes, for a period of one (1) year, in return for a bank guarantee.
- Guaranteed bonds or legal credits : sont des effets avalisés par la banque à 120 jours tirés par l’administration publique sur les clients importateurs bénéficiant de délais de paiement de la TVA ou des droits de douane.
- Letter of guarantee for absence of documents : joint and several undertaking given by the bank to the customs authorities to facilitate the removal of goods under customs control before customs duties and taxes have been paid.
- Deposit for removal or payment guarantee : allows customers to take goods on credit from certain suppliers or distributors
