Guarantee/Standby DC is an irrevocable undertaking in writing, issued by the Bank on behalf of the applicant in favor of the beneficiary, to pay on the presentation of a complying demand in accordance with the terms of the guarantee/standby DC. Guarantees and Standby DCs are used by beneficiaries to mitigate the non-performance or non-payment risk of the applicant.
Conduct business with confidence, even where you lack established relationships, through the use of guarantees and standby letters of credit. An HSBC Bank Armenia guarantee could enable you to negotiate favorable terms with buyers and suppliers by protecting them from non-performance under a contract while addressing your financing needs. HSBC Bank Armenia offers tailored solutions including performance, advance payment, tender, warranty, financial guarantees and standby letters of credit as well as others upon request.