For the purpose of reducing the risks associated with trade transactions, the bank guarantee is one of the most common transaction options in the world, which is a commitment by a bank on paper or electronically to make a payment up to the amount of the guarantee in accordance with the terms of the bank guarantee.
 

Types of bank guarantees:
 

• Payment guarantee
   
• Advance guarantee
   
• Bid/tender guarantee
   
• Quality guarantee
   
• Performance guarantee
   
• Auction guarantee
  
   

For rates, please contact the Documentary Operations Group:

tradefinance@basisbank.ge