A Banker’s Guarantee is a definite undertaking by Victoria Mutual Investment Limited to pay a third party (the beneficiary) a certain sum, which is usually specified in the Guarantee document, within a specified period if the applicant (principal) fails to fulfill his contractual obligation of the Guarantee. This Guarantee allows a customer to supplement their cash flow through an undertaking by a financial institution.
The Guarantee is ideal for businesses that have suppliers and or contractors. The Bid Bond which operates similar to a Guarantee is ideal for businesses that bid from time to time for various kinds of contracts.
- Improved cash flows
- Competitive fees
- Enables you to bid for contracts
- Allows you to free up cash to pursue other business opportunities
- Widely accepted Guarantees (should the need arise we can partner with internationally recognized institutions to issue Guarantee on our behalf)