What is a Bank Guarantee?

A Guarantee is a promise of payment from the Guarantor to the Beneficiary that the

Guarantor will pay the beneficiary when the beneficiary submits certain documents or

makes a specific demand to the Guarantor in a certain manner time or place.

Guarantees provide comfort to the beneficiary; in case the applicant fails to meet his

obligations (either financially or by performance) as per the contract made between the

applicant and the beneficiary, the beneficiary will have the guarantee to turn to for payment.

Having a guarantee issued in support of a client’s transaction can help the client grow and

expand their business by postponing current payments for goods and/or services to a

later date, provide comfort to buyers, allow clients to bid on transaction, without requiring

that ITF’s clients tie up their available cash. 

Our external strategic partners play a fundamental role in the efficient organization, management,

and operations of the Group. This team guarantees the success of the Group, providing

essential banking services thanks to a qualified range of international experiences.