Bonds and guarantees - Products & services
Bonds and guarantees
Does your business require bonds and guarantees to secure contracts or performance targets? ANZ Royal Bank's Guarantee products are designed to meet all of your requirements, for a variety of situation.
Products available: Bid Bonds, Performance Bonds, Advance Payment Bonds and Financial Guarantees.
Benefits
- Removes the need to use cash and improves your working capital.
- Provides confidence to parties that you deal with by showing that your company is a sound and reliable business and has the ability and required skills to fulfil the work being commissioned or the contract being entered into.
- Secures payment for the beneficiary (the contracting party) in the event that the contractual promises are not fulfilled.
- Prompt service and issuance of bonds.
Features
- Available in USD.
- Bonds in some circumstances can be issued on the same day as the lodgement of the application.
- Language: English and Khmer.
- Subject to approval under the bank’s normal credit assessment process.