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How Bank Guarantee Works?

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SUISSE BANK PLC

A Bank Guarantee is a lending institution that ensures the liabilities of the debtor will be met. And if the debtor fails to settle a debt, the bank will cover it on behalf of the debtor.
 
The Bank Guarantee helps the company and business to grow. There are different kinds of guarantees, direct and indirect. Direct guarantees are for international and cross-border transactions. Indirect guarantee occurs in the export business when the government and public agencies are the beneficiaries of the guarantee.
 
Under a personal guarantee, the person signs their personal asset value and reputation. In the event of default, it is likely that the lender will sue their financial assets.

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