Is your buyer or 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 procedure to get MT760 in a detailed way.
What is a Performance Bank Guarantee?
As the name implies, it is a type of MT760 Guarantee which is used by companies and suppliers to assure their performance towards their customer parties. This is a written undertaking issued by banks upon their client’s request. This ensures that in case if the contractor or the seller fails to perform as per the agreed contract, the buyer can claim the bond so that the loss can be recovered.
Also, when large companies want 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.
No Need to Block Cash Funds to Get MT760 – Apply Now!
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 assure 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 each type 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 as collateral and your company’s net worth doesn’t have much financial strength, then Performance Bond Providers in Dubai will be the right option for you!
We, Bronze Wing Trading Ltd, have 20 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 collateral 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!
