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Advance Payment Guarantee (APG)

Want to Protect Your Advance Payments?

 Advance Payment Guarantee (APG)

Advance Payment Guarantee (APG) offers full protection for your payments. If a contractor or supplier fails to fulfill their obligations, your advance payments will be reimbursed. Secure your payments with our APG and ensure peace of mind for your business.

  • Features & Benefits



    • Tenure based on underlying contract or agreement
  • Requirements



    • Customers must meet the Bank’s Risk Asset Acceptance Criteria.
    • Prevailing Bank interest rate applies once the Bank Guarantee crystallizes.
    • Acceptable collateral must be provided per the Bank’s standards.
    • Refer to the tariffs guide for all charges. (Add link for tarrif guide).
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