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Bank Guarantee & Bond
At MCB, we will always support your endeavours by providing reliable and accurate documents.
Simply visit any MCB branch to obtain one of the following bonds or guarantees.
An undertaking, given upon request to pay to a third party a specified sum of money as a guarantee against the non-observance of the terms of an agreement.
Issued to you as a guarantee, at the request of an eventual tenderer, in relation to a contract.
Issued to you as a guarantee, at the request of the contractor/supplier in case the terms and conditions of the contract are not observed.
Advanced payment bond
Issued to you as a guarantee, at the request of the contractor/supplier should the latter misuse the advance payment granted to him to begin the work according to the contract.
Retention money bond
Issued to you as a guarantee, at the request of the contractor/supplier in the event of the contractor's refusal to remedy any defects/alterations after receiving full final payment on completion of the contract before the completion of the maintenance period.
Bill of exchange
A document containing an instruction to a third party, to pay a stated sum of money at a designated future date, which can be endorsed by the bank, hence serving as a guarantee for the beneficiary.
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