Performance guarantee | VPBank

Performance guarantee

Performance guarantee

(5,002 Cardmember Rated)

Details

Performance guarantee is a product of VPBank aiming to help customers meet requirements of purchasers in case purchasers require guarantee from banks.
 
Performance guarantee is the guarantee to refund the beneficiary in case the partner fails to fulfill its obligations in the contract (for example, service provision, work productivity, etc.) The amount of performance guarantee must be agreed by parties.
 
  • Help customers (sellers) meet the requirements of purchasers in case purchasers require guarantee from banks

  • Help to improve customers' reliability  with their partners by guarantee from a reputable bank

  • Simple, fast procedures on guarantee issue and appropriate, flexible requirements on security deposit and collaterals

 
Applicable to all domestic and foreign enterprises
 
Form of guarantee commitment

Guarantee commitment issued by VPBank is printed in a special format prescribed by VPBank. Format of Guarantee commitment is designed with three security factors against fake guarantee, including:
VPBank logo is invisibly printed;
Serial number is pre-printed on each format of guarantee commitment;
Transaction reference number is unique to each issued guarantee commitment.

Authority to sign guarantee documents:

Guarantee documents of VPBank are simulatenously signed by three competent persons, including:
Legal representative of VPBank;
Guarantee risk manager of VPBank;
Guarantee appraiser of VPBank.

Confirmation of Guarantee commitment validity:

When a Guarantee commitment issued by VPBank is received, please carefully check identifiers above to ensure validity and legality of Guarantee commitment.
 
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