Letters of Guarantee
Get the best competitive rates for issuing Letters of Guarantee
Whether you are an importer/exporter or a businessman in any commercial field, Jordan Ahli Bank offers you key services that will assist you in guaranteeing the fulfillment of financial obligations specified in your business deals
We offer a range of Letters of Guarantee corresponding to your different needs at competitive issuance fees with speedy processing. We also offer advisory on the written content of the Letters of Guarantee preserving your rights.
Letters of Guarantee Explained
This is a written commitment issued by the Bank upon request of the applicant (the customer who has entered a contract) to the beneficiary (the second party) guaranteeing the fulfillment of specific financial obligations according to the contract made between the applicant and the beneficiary. The Letter of Guarantee must clarify the amount and the validity period of the guarantee.
Uses of Letters of Guarantee
If the nature of your business requires you to give Letters of Guarantee to a third party, such as entering a bid, you will need to get a guaranteed bond.
Letters of Guarantee Offered by Jordan Ahli Bank
Ahli Bank issues different kinds of Letters of Guarantee according to your needs, including Tender Guarantee, Performance Guarantee, Advance Payment Guarantee, Maintenance Guarantee, and more.