Types Of Guarantee or Bond
Guarantee issued by Crown Financial & Merchant Bank Plc at the request of the tenderee for bids of construction and procurement of project, committing that the tenderer will not withdraw or amend its bid during the validity period of the bid, and will sign the contract or submit performance guarantee within the preset time once winning the bid.
Solve the problem of mutual mistrust between the tenderee and tenderer with bank credit to realize smooth tender offer; replace cash margin by the tender guarantee/bid bond to reduce the financial pressure of the bidders.
Guarantee issued by Crown Financial & Merchant Bank Plc at the request of the customer to the owner of a contracted project or the buyer of a sales deal, guaranteeing the applicant will strictly perform the contracts in the pre-established terms and conditions.
Guarantee proper fulfillment of contractual obligations and the quality of the subject matter of contract; solve the problem of mutual mistrust between the parties, and reduce capital occupation.
Advance Payment Guarantee
Guarantee issued by Crown Financial & Merchant Bank Plc at the request of a customer to the owner of a contracted construction or the buyer of a sales deal, guaranteeing the applicant will fulfill the contractual obligations after the owner or the buyer makes advance payment.
Facilitate timely receipt of advance payment, as well as speed up capital turnover during project construction and preparation-of-goods period.
Retention Money Guarantee
Guarantee issued to the owner or the buyer from Crown Financial & Merchant Bank Plc to guarantee that applicant will continue to fulfill contract obligation after withdrawing final payment of the contract price in advance, at the request of construction contractor or supplier.
The product allows the applicant to collect final payment in advance from the owner or the buyer in the later stage of executing construction contract and procurement contract, thus accelerating capital turnover and gaining capital benefits.
Guarantee issued to the owner or the buyer from Crown Financial & Merchant Bank Plc to guarantee that applicant will fulfill contract obligation in the warranty period or maintenance period, at the request of construction contractor or supplier.
It is applicable for the situation that the owner or the buyer requires the contractor or the supplier to fulfill warranty or maintenance obligations as contracted when construction, supply and installation contracts enter into the warranty period or maintenance period. It is the guarantee for normally fulfilling contract obligation.
Guarantee issued by Crown Financial & Merchant Bank Plc at the request of the buyer to the seller under the contract, guaranteeing the buyer will fulfill the payment obligations under the contract to purchase goods, technology, patent or labor.
Provide contract payment protection.
Through our partners, We can get the following services:
Financial Instruments (Stand By letter of Credit)
Open a Current Account
CROWN FINANCIAL & MERCHANT BANK PLC
Registered Address :
1 Fore Street
London EC2Y 5EJ (UK)
We do not operate directly with retail customers. Our services are reserved solely for professional clients (e.g. Broker, Advisor).Therefore our offices are not open to the public.
Due to identification and privacy purposes, we don’t give any information by phone.
Any inquiry should to be addressed to us by email or fax from monday to friday, from 9:00 am till 5:00 pm.
Thanks for the understanding.