- Provides security to the counterparty by a reputable Bank.
- Provides security for either financial or non-financial obligations.
- Payment of the sum agreed in the Bank guarantee and standby documentary credit will be made in accordance with the terms of the Bank guarantee and standby documentary credit, on presentation of a complying demand from the Beneficiary, in spite of any issues arising from the underlying commercial contract.
- As part of HSBC Group we can issue Bank guarantees and standby documentary credits through HSBC Group offices overseas.
Counter guarantees & SDCs
Counter guarantees & SDCs are issued in favor of a third bank to support re-issuance of a Bank guarantee. They are very common for international transactions and best managed via HSBC network globally.