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Guarantees

Overview
A guarantee by bank (banker's guarantee) is a written undertaking in which we agree to make stipulated payments on your behalf should you fail to fulfil or carry out specified terms of a contract.

Guarantees may also be issued for of the purchase of fixed property and against cash cover.

 

Our liability is restricted to the payment of a sum of money and under no circumstances do we accept responsibility for the completion of your contract.

Features
Guarantees may be continuing or for a specified period. Wherever possible a definite or determined expiry date or a clause specifying a period of notice or withdrawal is to be included in the guarantee.
The party in whose favour the guarantee is issued is entitled to specify the wording of the document. At your request, we will draft the wording of the document.

Any demands for payment under a guarantee are to be made in writing.

Benefits
You can avoid paying in advance or lodging cash cover to secure a purchase or contract. If cash cover is lodged with us under a pledge you will be paid interest on the investment.
Enables you to bid for contracts which call for guarantees and to buy fixed property where a guarantee is usually a prerequisite

Events & Social Responsabilities

Terceira edição da Corrida Azul já movimenta Maputo

A Corrida Azul é a primeira e única,  em Moçambique, cujo registo de participantes é efectuado através de um aplicativo para telemóveis, já disponível no Play Store e Apple Store.

Standard Bank supports fourth edition of the Financial Times Summit in Mozambique

The diversification of the country's economy and the introduction of reforms for its sustainable growth are the themes that will dominate the debates of the fourth edition of the Financial Times Summit in Mozambique, to be held in September 11, in Maputo, supported by Standard Bank.