Instruments
Bank Guarantees
Back your commitments with an instrument counterparties trust.
All services
What it is
A bank guarantee is Kingstar's undertaking to pay a beneficiary a set amount if our client doesn't fulfil a specific obligation. It lets businesses take on contracts, tenders, and trade relationships where the other side needs assurance before proceeding.
Types we issue
- Bid / tender bonds — Support participation in a tender.
- Performance guarantees — Assure completion of a contract to agreed standards.
- Advance payment guarantees — Protect a buyer's upfront payment.
- Payment guarantees — Assure a supplier of payment.
How it works
Client requests a guarantee → Kingstar issues it to the beneficiary under agreed terms (commonly URDG 758) → it's called only if the client fails to perform.
Benefits
- Win work that requires financial backing
- Free up cash otherwise held as security
- Terms tailored to the obligation
Not sure which structure fits?
Tell us about your trade and we'll point you to the right instrument or account.