Bank Guarantees and Sureties

Bank Guarantees and Sureties

Ensure the Quality of Your Product with Banco Interatlântico

Guarantee to third parties the fulfillment of your company’s obligations, whether in the provision of services, supply of goods, or in financing agreements.

Characteristics

Target market

  • Companies and individual business owners.

Main Features

  • Credit without disbursement intended for companies and/or individual business owners to guarantee commercial transactions;
  • Upon client's request, the bank issues a statement, after payment of a fee, in which it replaces the applicant in the settlement of the commitments the latter has undertaken in a given contract or commercial transaction;
  • The period depends on the term of the underlying commercial transaction or contract;
  • The fee will depend on the degree of risk of the operation, the type of guarantee to be provided and the quality and consistency of the counter-guarantees.

Deadline

  • By analyzing the type and risk of the operation on a case-by-case basis.

Guarantees

  • Assets, valuables, pledges and other forms of guarantee accepted by BI.

Documentation Required

  • Company balance sheet for the last 3 years;
  • Updated balance sheet;
  • Copy of business licenses;
  • Updated identification document:
               BI, for resident individuals;
               Commercial certificate for companies.

Benefits

  • Flexibility in contracting;
  • Competitive pricing.