TYPES OF GUARANTEES
Performance Bonds
When you are required to issue bonds / guarantees to protect the interests of your clients, our service provider can provide cost effective performance bonds fast.
Advance Payment Guarantees
Guarantee that an advance payment will be returned if the agreement under which the advance was made cannot be fulfilled.
Bank Guarantees
Need to issue a guarantee to a supplier or credit provider. Have an approved line of credit but the credit provider requires more security. Make use of credit enhancement bank guarantees, issued from top world banks.
PLEASE NOTE : The costs to issue a Bank Guarantee are payable on the day the BG is issued. The costs CANNOT be paid for, after the BG is issued.
Bid Bonds
When tendering, security provided by a supplier that they will enter into the contract under the terms in which they submitted the tender.
Construction Guarantees
Issued to guarantee the contractor’s performance undertaken in terms of the construction contract.
Custom Bonds
Issued by an importer, promising to pay the necessary import taxes and comply with the rules for importing goods.
Performance Demand Guarantees
Demand guarantee to provide protection against non-performance or late performance.
Performance Sureties
Issued to guarantee performance and completion of a project by a contractor.
Retention Guarantees
Guarantee that the contractor will continue to carry out its contractual obligations in the event that full payment is made to the contractor in advance.
Equity Guarantee
An Equity Guarantee is an ‘equity replacement‘ insurance product, that is used by Property Investors, Property Developers and Infrastructure Developers to secure ‘equity‘ for property purchases or developments, without using their own cash resources.
Standby Letters of Credit
If you need a SBLC to facilitate a trade or transaction, then and MT 760 can assist to enable the trade to proceed.
Risk Solutions
- Contractors All Risk
- Contractors Public Liability
- Plant Risk
- Commercial Insurance
- Letters of Intent
- Transport Cover
Bonds of Security/Executor Bonds
This essential product offers peace of mind to individuals who have been named an executor of an estate.
The Bond of Security serves as a financial guarantee that you will fulfill your fiduciary duties and responsibilities properly and honestly. As an executor, you are responsible for managing the deceased person’s assets and distributing them according to their will or state laws. The bond protects the beneficiaries from any financial loss due to your actions as an executor.
Our Bond of Security is designed to provide comprehensive coverage, ensuring that you meet all your legal obligations. With this bond, you can rest assured that your actions are covered under the law, and you have the resources to fulfill your duties effectively.
General Information
If you see more than one potential solution offered, please submit an additional application form, for each solution that applies to your circumstances.
Please submit an online enquiry form by carefully selecting the solution that best fits your needs and one of our specialist Service Providers will make contact with you to provide advice, quotes and information.
If no response received within 2 working days, it is highly likely that they cannot assist you. If we do have an alternative solution, we will let you know. If we do not contact you, then we are unfortunately unable to assist further.