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  2. Corporate
Open an Account
PT EN
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I want to...
Open an Account

BANK GUARANTEES

Specialized financial instrument useful for cross-border business

Financial solution, in which the Bank undertakes to secure the obligations that cannot be fulfilled by its Customer.
Generally, Guarantees are required for admission to tenders, construction work, lease contracts, etc.

They have different types:

  • First Demand, including Stand By Letter of Credit
  • Surety Default Guarantees

And different natures:

  • Directs
  • Indirect
  • Tender
  • Deposit
  • Payment Bond
  • Payment Bond
  • Maintenance
  • Retention Money Guarantee
  • Payment Bond
  • Maintenance
  • Global Clearance Bond
  • Collateralize Financing

What can be included in Bank Guarantees?

It can be used in place of Credit, charging payments and interest

Can be used for tax compliance

Can be used as a hedge for goods and services operations associated with boosting the real economy

Benefits

  • Enhanced security and guaranteed receipt
  • Extended payment terms to suppliers
  • Assessment and mitigation of the main Risks inherent in international trade
  • Permits the anticipation of funds through parallel banking operations, such as, discounting or allowances on the letter of credit
  • Performance based on the rules and uniform uses of the International Chamber of Commerce, as well as, by the laws of the Banco Nacional de Angola

Price List

Check the Bank's fees and charges table
Section 16. FOREIGN OPERATIONS - OTHER CUSTOMERS
Point 16.3 Bank Guarantees, Consult

How it works

The Bank of your foreign Supplier forwards to ATLANTICO the documents necessary for pickup the goods imported by your Company. The documents will be delivered to you against payment, acceptance, or partial payment and acceptance of the remainder, according to the conditions determined by the Exporter.

Caption:

1. - Requests from the Issuing Party a Bank Guarantee according to the service/conditions that have been agreed upon;
2. The Issuing Party requests its Bank to contact the Beneficiary's Bank of the Residence/Geography, so that it can issue the Guarantee in favor of the Beneficiary;
3. The Issuing Party requests the Guarantor Bank, (Beneficiary's Bank) to issue the Guarantee in favor of the Beneficiary, counter-guaranteed by it;
4. The Beneficiary Bank reviews the details of the transaction, and accordingly issues the guarantee and forwards it to the Issuing Bank;
5. The Issuing Bank forwards the guarantee to the Issuing Party;
6. The Issuing Party validates the documents and forwards them to the Beneficiary;

Note: There are cases where the documents are delivered by the Beneficiary Bank directly to the Issuing Party.

Support

If you wish to obtain information according to your needs (opening of letter of credit or verify the letter of credit status) contact us: (+244) 226 460 460 or (+244) 923 168 168.

Useful documents

Trade Finance - EN
1 mb
Bank Guarantees Checklist | Good Execution
0.13 mb
Bank Guarantees Checklist | Contest
0.12 mb

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