Financial tools known as bank guarantees give a bank's promise to pay a third party on a customer's behalf. They are frequently employed in international trade to streamline business dealings between buyers and vendors from various nations. Bank Guarantees come in different forms, such as: 1. Performance Guarantee 2. Payment Guarantee 3. Advance Payment Guarantee It is crucial to remember that bank guarantees have fees and other costs, and they might need the client to provide collateral or different types of security. Visit us: https://www.emeriobanque.com/bank-guarantee-services