Find out how bank guarantees work, why they are issued, and the process that a business normally goes through to acquire one ...

The most important thing in big transactions and business nowadays is to reduce the risk. When two people or companies are involved in a big deal, they may sometimes doubt each other's financial ...

A bank guarantee is a pledge by a bank to assume liability for a sale or contract between a buyer and seller. The buyer applies to the bank, which assesses the buyer’s ability to fulfill the contract ...

Moscow Credit Bank has issued a blockchain-based bank guarantee denominated in Chinese currency, claiming that the product is the first in the country. The bank guarantee exceeds 100 million Chinese ...