(647) 494-8822

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250 Yonge Street, Toronto, ON M5B 2LZ, Canada

Phone: (647) 494-8822

Fax: (647) 494-9045


For worldwide International representative please contact our head office


אולרנט היא הנציגה הבלעדית והרשמית של Bond2Bond  בישראל 

אולרנט - 


Bank Guarantee or BG/SBLC

Bond2Bond offer you to purchase Full (Fresh Cut / Cash backed) Bank Guarantee UCP 600 International Bank Class (Top-20 countries) under the following conditions:

  • Time of BG- 6 -12 months

  • Investor will present proof of fund before issuance

  • Payment Terms in accordance to our procedure

  • We only deliver BG via Bank swift Or to a trustee

  • only licensed bank and financial institution BG will be provided​

What is Bank Guarantee? 

A Bank Guarantee (BG) is a definite undertaking by the bank (guarantor) to pay the beneficiary a certain sum of money within a specified period if the applicant (principal) fails to fulfill his contractual or other obligations of an underlying transaction. It is normally used to secure either a financial or performance obligation of the principal

BG can be issued to both local and overseas beneficiary either in the form of hardcopy or transmitted via SWIFT message MT760 or MT799. 

Guidelines for Issuing Banker’s Guarantee 

A Bank or SBLC Guarantee should bear all the 5 following characteristics:

1. Cap on Maximum Liability 

To protect the interests of both the principal and the guarantor, there must be a cap on liability up to the maximum guaranteed sum. 

2. Contain a Definite Expiry Date 

A Bank Guarantee or SBLC should have a definite expiry date unless it is issued in connection with a court case. 

3. Definite Claim Period 

Banker’s Guarantee should have a definite claim period (or under usp 600  Guidelines of not more than three months after Expiry date). 

4. Payment on Demand 

A Bank Guarantee or SBLC shall effect payment on demand by the beneficiary giving a written statement that the principal has failed to perform his obligations. Such written statement will be the sole condition for the guarantor to pay under the guarantee. The guarantor will not take additional steps to 

5. Prohibition against Assignment 

A Bank Guarantee  OR SBLC shall not be assignable due to the following reasons:

  • To avoid the bank losing its right of set-off vis-à-vis the beneficiary ƒ

  • To avoid the bank paying to the wrong party ƒ

  • To reduce administrative uncertainties if there are multiple assignments made

If a Banker’s Guarantee is silent on assignment, it can be assigned by the beneficiary. In view of the above-mentioned prohibition, BG issued is usually on a non-assignable basis. 


Types of Bank Guarantees and SBLC


 There are two main types of Bank Guarantee:


1. Financial Guarantee Financial Guarantee is issued in-lieu-of cash deposit that the principal may need to place with the beneficiary for an underlying transaction. If the principal fails to meet his financial obligation, the beneficiary may claim on the guarantee. Examples of Financial Guarantee are:​Advance Payment Guarantee An Advance Payment Guarantee enables a buyer to recover an advance payment made under a contract or order if the supplier fails to fulfill his contractual obligations. Remisier Guarantee A Remisier Guarantee is issued to the Authority for remisier trading purposes. 


2. Performance Guarantee Performance guarantee is issued to protect against the principal’s non-performance over his contractual obligations. Examples of Performance Guarantee are:

Bid Bond 


A Bid Bond is a bond that is required of a contractor submitting a bid for a project. If the contractor then refuses to undertake the contract after he has been awarded the contract, the bid bond assures that the developer can recover his liquidated damages between his bid and next higher bid. Bid Bond ensures that a contractor will make serious bids and live up to his obligations.


 Performance Bond 


A Performance Guarantee is to guarantee against the failure of the principal to meet his obligations in a contract or completing a project. Performance Bonds are commonly used in the construction and development of real estate properties to protect the value of the work against unforeseen events such as the bankruptcy of the contractor.


 Warranty/Maintenance Bond 


A Warranty/Maintenance Bond is to protect against design defects or poor workmanship, and to guarantee that facility constructed would be regularly and adequately maintained throughout the warranty or maintenance period.