by Bongyan finance Limited | Sep 1, 2021 | Bank Guarantee, bg, Bongyan finance limited, sblc
Bank Guarantee 12 What is a Bank Guarantee? Bank Guarantee (BG) is an agreement between 3 parties viz. the bank, the beneficiary, and the applicant. The beneficiary is the one to who takes the guarantee. And the applicant is the party who seeks the bank guarantee from...