Product information
Retention Bond is a non-payment guarantee that represents the irrevocable obligation of the bank to pay the specified amount if the applicant (i.e. supplier) already receives retention money and fails to meet the contractual obligations. Additional benefits:
- Individual approach and modification of the terms of the guarantee according to the needs of your company and the beneficiary
- Framework agreement for easy repeated issuance of guarantees
- The experience of a strong international group