Bonds and Guarantees
Performance Bonds
Bonds and Guarantees are services that support your business by demonstrating your creditworthiness and ability to meet contractual obligations.
Features
- Tenor is usually for one year or less.
- Bonds and Guarantee are both multi-currency documents and can be for any amount.
- Available as SBLC/APG/Performance Bond, Bid Bond
Benefits
- Allows flexibility on negotiating contract terms
- Funds can be used to support working capital requirements
Bid Bonds
Bid Bonds are part of documentary requirements to obtaining contracts. We offer this service in a manner that gives competitive advantage against others.
Advance Payment Guarantees
The Advanced Payment Guarantee serves as a guarantee to principal contract employers to enable our borrowing customers (Contractors, suppliers, developers, etc) secure release of an advanced payment of the contract value (in part or full) for execution of project / works accordingly to Technical specifications.
Bank Guarantees
Bonds and Guarantee are services that support your business by demonstrating your credit-worthiness and ability to meet contractual obligations.
Custom Bond
This service is offered to service customers specific requirements of the port authorities and customs service.
Importation Bonds
Bonds issued to support imports and other requirements from the port.
Financial Institution
Insurance
Term Loans
Brokage Services
Time Loans
Liquidity Management Solutions
Fleet Financing
Debt/equity Raising Programmes
Plant & Machinery Financing
Indemnity for liability Instrument:
All liability instrument issued or purported to be issued by Access Bank Plc (“Bank”) (including without limitation, Advance Payment Guarantee, Performance Bond, Retention Bond, Warranty Bond, Bank Guarantee, Bid Bond, Bid Security, Tender Guarantee, Tender Security, Standby Letter of Credits, amongst others) shall require independent written verification or authentication of such instrument by the company secretary or legal adviser of the Bank before any reliance can be placed on such instrument by any beneficiary or any other party.
Please note that the Bank shall not be held liable to any party or beneficiary for any loss or damage of whatever nature (whether direct or indirect) suffered as a result of reliance placed on an unconfirmed or unverified instrument issued or purported to be issued by the Bank.