International Guarantees


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It consists of granting guarantees in foreign currency. Some foreign trade transactions are carried out through international tenders, which require bank guarantees.


WARRANTY
COVERAGEVALUEDEADLINE
Bid Bond
Compensation for losses resulting from a bidder's refusal to sign a contract after winning a tender.Standard 5% to 10% of the value of the bid.Bid deadline.
Performance BondCompensation for losses caused by non-compliance with the contract between the parties.Amount to be reimbursed as established in the contract.Contract term.
Advance Payment GuaranteeRepayment of advance payments under a contract between the parties that has not been performed.Prepayment amount plus charges.Contract term.
Stand ByRepayment of loans.Amount of credit plus charges.Credit term.
AvalA draft in foreign currency issued by a foreign exporter of goods and services against a Brazilian importer.Withdrawal amount.Withdrawal deadline.