Optimising your working capital
When you are running your own business, there might be opportunities to move to new premises, invest in new equipment or undertake larger contracts. To ensure that there is no pressure on your cash flow, our bank guarantees and bonds can meet your financing needs and move your business forward.
Bank guarantees: An undertaking, given upon request, to pay a specified sum of money to a third party as a guarantee against the non-observance of the terms of an agreement
Tender bond: A guarantee issued to you upon request of a tenderer, with regards to a contract
Performance bond: A guarantee issued to you upon request of the contractor or supplier in case the terms and conditions of the contract are not observed
Advance payment bond: A guarantee issued to you upon request of the contractor or supplier, should the latter misuse the advance payment granted to him to begin the work, according to the contract
Retention money bond: A guarantee issued to you upon request of the contractor or supplier in the event of the contractor's refusal to remedy any defects or alterations after receiving final payment on completion of the contract and before the completion of the maintenance period
Bill of exchange: A document containing an instruction for a third party, to pay a stated sum of money at a designated date which can be endorsed by the Bank, hence serving as a guarantee to the beneficiary
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Together, we will work on a solution that fits both your means and your aspirations
Contact your Relationship Manager or visit any MCB branch