Bank guarantees and collateral

Get the best guarantee

Collateral and bank guarantees are bank instruments that irrevocably ensure the financial and commercial commitments’ fulfillment. Therefore, they guarantee the payment your company has received with regard to third parties.

The collateral or bank guarantee is an off-balance sheet exposure. Unlike a credit or a loan, it does not entail an immediate cash output from the Bank, but it might do in the future if the third party executes it. At that moment, the Bank will demand the guaranteed company to refund the executed amount.

For that reason, when MoraBanc grants you a guarantee, you don’t need to make cash deposits in order to fulfill the obligations that your commercial and financial commitments have produced. In return for the risk taken, MoraBanc generally applies a (usually) quarterly commission based on the guaranteed amount and an opening commission upon the initial guarantee’s formalisation.

MoraBanc offers you two different kinds of collateral that can adapt to your needs.

Application resolution within a maximum period of 7 days, as long as all required documents have been provided.

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