Trade Finance

Advanced Payment Guarantees

An undertaking that is given to an awarded supplier is addressed to the procuring entity assuring them of compensation in case funds released to the suppliers are diverted to other uses.

A payment undertaking by an issuing bank on behalf of our client (applicant) to pay a seller beneficiary a given amount of money upon presentation of a specified shipping document and representing a supply of goods within a specified time frame and if they meet the buyer's specifications.