Kenbrow Group’s bank guarantees provide a solid foundation of financial security, offering clients a reliable and flexible mechanism to fulfill contractual obligations.
Whether engaged in international trade or embarking on ambitious projects, our bank guarantees instill confidence, facilitating seamless transactions with a focus on trust and reliability.
- A bank guarantee is an undertaking or collateral agreement where Kenbrow agrees to be liable for the debt of a customer to a third party or beneficiary on default.
- The instruments carry an undertaking on the part of Kenbrow that if the applicant defaults, the beneficiary will be refunded or compensated by Kenbrow to the extent of its undertaking on the presentation of pre-determined documents.
- The instruments are contingent liabilities as they become due only at the occurrence of an event.