Bank Guarantees (BG)
Instruments that provide coverage for contractual obligations and payments in global projects, offering maximum security for all parties involved.
What are Bank Guarantees?
D&D Luxury Services issues Bank Guarantees (BG) as irrevocable commitments to guarantee fulfillment of contractual obligations. They protect the beneficiary against financial losses if the principal debtor fails to fulfill their obligations.
Issued in compliance with Uniform Rules for Demand Guarantees (URDG 758), our bank guarantees are globally accepted and offer maximum legal security for international operations.
Features of Our BG
- Issuance via SWIFT MT-760
- URDG 758 compliance
- Values from USD 1 million to USD 500 million
- Term according to project needs
- Internationally rated issuing bank
Bank Guarantee Modalities
We offer different types of bank guarantees to cover all phases of your projects and contracts.
Bid Guarantee
Required in bidding processes to guarantee the seriousness of the proposal and compliance with participation conditions.
Performance Guarantee
Ensures proper contract fulfillment according to technical specifications and established deadlines.
Advance Payment Guarantee
Protects advance payments made by the contractor, guaranteeing refund in case of non-compliance.
Maintenance Guarantee
Covers defects and problems that may arise during the warranty period after project delivery.
Payment Guarantee
Ensures payment of invoices, salaries or other financial obligations of the project.
Customs Guarantee
Facilitates import and export operations, guaranteeing payment of customs duties and fees.
Industries Served
Our bank guarantees serve various sectors of the economy, providing security in large-scale projects.
Construction
Energy
Infrastructure
Oil & Gas
Issuance Process
Structured process for fast and efficient issuance of bank guarantees.
Application
Submit application with project documents, contract and guarantee specifications required.
Analysis
Technical project evaluation, risk analysis and verification of applicant's financial capacity.
Approval
Credit committee approval, contract signature and payment of issuance fees.
Issuance
Guarantee issuance via SWIFT MT-760 and authenticated copy delivery to the beneficiary.