Bank guarantees are a mechanism to secure payment of a stated maximum sum of money to a named party (usually called the beneficiary) in the event of non-performance or default by a party in the underlying relationship. Payment will be made by ANZ on presentation of a written demand for payment by the beneficiary. Bank guarantees substitute cash deposits with counterparties, freeing up working capital and potentially securing better contract terms.

There are two distinct types of bank guarantees:

For more information on ANZ Trade and Supply Chain Finance solutions please contact the Trade Finance Desk via email tradebb or phone 1300 269 487

For more information on how ANZ can help you grow your business internationally please visit the ANZ Be Trade Ready site.