Bonds and Guarantees

Supporting your sales to multi-national, banks and other financial institutions

Bonds, Guarantees & Indemnities

Barclays Commercial Bank can issue a range of bonds, guarantees and indemnities to meet the needs of your buyers.
This range includes endorsements to bills of exchange and promissory notes, which also guarantee payment and are available via our avalising service.

When you need a guarantee or bond

When selling overseas, buyers commonly request a bank guarantee or bond from you. This provides a means of securing performance or other obligations under the terms of a contract.

How the process works

We act as a guarantor for the seller and will pay the buyer a specific sum, usually when they present a written demand. The wording of the demand is included in the guarantee.

In return, we need a counter indemnity from you for the full amount and any costs.

Standby letters of credit

In some countries a standby letter of credit is required as an alternative to a guarantee.

These are normally covered by either the International Chamber of Commerce or Uniform Customs and Practice or International Standby Practices.

Deposits & Liquidity

If you trade or operate abroad, our non-Pula (foreign currency) accounts can help you cope better with making payments and protect against exchange rate movements. We currently offer foreign currency accounts in the US Dollar, British Pound, Rand and Euro. We have a suite of client accounts and solutions for managing your custom