Through our sector expertise we understand the importance of Bank Guarantees. As each business and transaction is different, we can work with you to tailor the wording of our Guarantee to support your requirements.
Indicates to your buyer that you’re a serious bidder for a contract and is often required when a seller submits a tender.
Guarantees repayment of any funds your buyer has advanced to you in the event of default under the contract. This is normally between 10% and 20% of the contract price.
Guarantees a penalty sum payment in the event of a buyer claim when terms of the contract have not been fulfilled. This type of guarantee is often required whilst a Tender Guarantee is still in place, and may be issued in addition to an Advance Payment or Retention Guarantee.
Enables early release of funds that the buyer would otherwise withhold from contract payments until completion of any warranty period contained in the contract.
Allows payment of duty due on imported goods to be deferred.
Issued in some countries as an alternative to a Guarantee.
Find out more about our Bonds, Guarantees and Indemnities by talking to your Relationship Director.
New to Barclays? Our experienced UK-based team can listen to your business need, offer assistance on-the-spot or put you in touch with the right specialist at Barclays. Call us on
0800 015 4242*
Alternatively we can call you back or you can email us with your query.
If you are new to Corporate Banking at Barclays, call us on: 0800 015 4242*