Advance Payment Guarantee

An advance payment guarantee mitigates a buyer’s prepayment risk. If the seller breaches the contract, the buyer receives a refund. In that case, the agreement is considered null and void. It is also referred to as an advance payment bond.

Required Documents:

• Update License

• Update Article of Association (AoA)

Qualifications & Target Customers:

• Good financial history

• 100% cash cover/Counter guarantee from an A class bank

Target Customers:

• General Traders (Import & Export)

• Manufacturing, Production, Process, and Packaging

• Agriculture

• Construction

• Service & Logistics

• IT technology

• Education

• Other acceptable entities (as per bank policy)