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GUARANTEES

Bank guarantee is a bilateral contract where the bank undertakes to respond to a beneficiary should its client not comply with the contractual obligations and responsibilities.

The bank’s offers two types of guarantees mirror and partial.

Bancoldex has the possibility of issuing bank guarantees to support entrepreneurs in their bidding and contract awarding processes with the following types of documents:

  • Tender guarantee
  • Performance guarantee
  • Maintenance guarantee

These Guarantees must be collateralized by an international bank through a Stand-By with at least 110% coverage.

It is a specialized product aimed at a target market of middle companies in the process of being placed on the stock market.

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