Nedbank Mozambique guarantees the fulfilment of an obligation of your client to a third party, thus assuming the burden of the obligation if the client fails in its commitment.

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

Benefits

• Nedbank Mozambique guarantees the fullfillment of the obligations that the Client has assumed contractually  towards 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
• Replaces security deposits as collateral  to guarantee certain contracts, thus avoiding the mobilisation of funds or recourse to financing
• The costs of issuing a guarantee are lower than the cost of having capital tied up or obtaining capital, thus constituting an important cash flow support