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.
Barclays can issue most recognized forms of Bond and Guarantee, including the below common examples:
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:
To discuss switching to Corporate Banking at Barclays, call us on: 0800 015 4242*
Your eligible deposits with Barclays Bank PLC are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. This limit is applied to the total of any deposits you have with the following: Barclays, Barclays Bank, Barclaycard, Barclays Business, Barclays Capital, Barclays Corporate, Barclays UK & Ireland Private Bank, Barclays International Private Banking, Barclays Premier, Barclays Private Bank, Barclays Stockbrokers, Barclays Wealth, Woolwich Mortgages. Any total deposits you hold above the limit between these brands are unlikely to be covered. For further information visit www.fscs.org.uk^ (opens in a new window).
Barclays is a trading name of Barclays Bank PLC and its subsidiaries. Barclays Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 122702). Registered in England. Registered number is 1026167 with registered office at 1 Churchill Place, London E14 5HP.
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