Whether an importer or exporter, our correspondent network with foreign banks will ensure that we meet all your international requirements. A Letter of Guarantee (LG) issued by KFH covers an agreement by the Bank to pay another party (the beneficiary) if the Bank's customer (the principal or applicant) defaults in his debt or obligation (a job contract) to the beneficiary.
Main types of LG include:
- Tender Guarantee.
- Performance Guarantee.
- Advance Payment Guarantee.
- Retention Guarantee.
- Other’s Guarantee.