Nedbank Mozambique guarantees the fulfilment of an obligation of the client to a third party, thus assuming the burden of the obligation if the client fails with his part.

Bank guarantees can assume a technical character (intended for applying in tenders) or a financial character (funds received in advance for future payments - customs, payment of taxes, courts).

Benefits

• Nedbank Mozambique guarantees the fulfiment of the obligations that the Client has assumed contractually with third parties
• Guarantees the sound execution of contracts celebrated between the parties
• Provides security and comfort to the beneficiary in the execution of the contract by the originator
• Reduces risk
• Facilitates and speeds up international trade within the context of the requirements of foreign importers and/or suppliers
• Substitutes deposits as collateral needed to guarantee certain contracts, thus avoiding the mobilisation of funds or access to financing
• The costs of issuing a guarantee are lower than the cost of having capital tied up or obtaining capital, thus working as an important cash flow support