- BID BOND Guarantee
- Performance Guarantee
- Advance Payment Guarantee
- Supplier Credit Guarantee
- Retention Guarantee
- Customs Duty Guarantee
- Bank Loan Guarantee
These types of Guarantees could be processed through Direct or Indirect Forms: Direct Bank Guarantee is a guarantee received directly through BrB’s correspondent banks for a counter-guarantee to be issued by BrB in favor of a local beneficiary on behalf of a foreign supplier or service provider. An indirect Bank Guarantee is a kind of guarantee issued by the issuing bank with full responsibility based on the applicant’s bank instruction.
