Performance Bonds
A bank guarantee is a kind of security from Access Bank. Access Bank guarantee signifies that the bank ensures that the liabilities of a debtor are going to be met. In other words, if the debtor fails to perform the obligation, the bank will cover it.
- Tenor is usually for one year or less.
- Bonds and Guarantees are both multi-currency documents and can be for any amount.
- Available as SBLC Performance Bond
- Allows flexibility on negotiating contract terms.
- Funds can be used to support working capital requirements.
- Ensures that parties are pressed to carry out their obligations.
Advance Payment Guarantees
The Advanced Payment Guarantee serves as a guarantee to principal contract employers to enable our borrowing customers (Contractors, suppliers, developers, etc) to secure the release of an advanced payment of the contract value (in part or full) for the execution of the project/works accordingly to Technical specifications.
Bank Guarantees
Bonds and Guarantees are services that support your business by demonstrating your credit-worthiness and ability to meet contractual obligations.
Custom Bond
This service is offered to service customers specific requirements of the port authorities and customs service.
For more information on the pricing or benefits of this facility, please contact your Relationship Manager
