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June 2016

Event one

June 22, 2016 @ 8:00 am - 5:00 pm

An advance payment guarantee is a guarantee issued by the Bank in favor of a buyer who makes the advance, upon the request of the seller or the contractor who received the advance, representing a commitment on the part of the Bank to repay the sum, in case the seller or the contractor fails to honor the contract terms in their entirety, or in part, and the seller, or the contractor, does not himself/herself/itself return the advance.

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