Guarantee your company's payment of its commitments and obligations to third parties.
Endorsements and Guarantees are instruments through which a financial entity acts as a guarantor for commercial or financial commitments acquired by a client company in its operations. This way, ensure in an irrevocable way the fulfillment of the commercial commitments and/or financial derived from the national operations and international.
You offer all kind of services for cover your needs: provisional endorsements, endorsement lines, technical and economic endorsements, endorsements with the Spanish Tax Agency (AEAT), exchange endorsements, special endorsements, endorsements to secure regular benefits, endorsements before the public administrations and arrangement endorsements.
Moreover, through our distance banking , be able to carry out all kind of enquiries on the situation of your endorsements: general data, settlements and upcoming maturities, among others.
Endorsement: Provided in the body of the document (instrument, promissory note…).
Guarantee: Issued in a separate document from the principal secured obligation. Unlike the documentary letter of credit, in guarantees the payment by the issuing institution is only potential (i.e. will only occur if the secured party defaults). The guarantee is not a payment method.
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