types of BONDS AND GUARANTEES
Types of Guarantee

JUDICIAL GUARANTEE 
Judicial guarantees guarantee the payment of the amount corresponding to the deposits in court that the potential debtor (Borrower) needs to make during the course of a judicial process. 
A judicial guarantee is a type of security that has emerged as an option to the judicial deposit of assets. 
In the Code of Civil Procedure (March/2016), the Judicial Guarantee was equated with money for the purposes of substituting attachment. 
*Article 835, §2 of the New Code of Civil Procedure Rationale: Articles 678 and 895 of the CPC. 
 
CUSTOMS 
Guarantees the Beneficiary compliance with the Guaranteed Party's obligations linked to the Term of Responsibility referred to in Decree No. 4543 of 26 December 2002, in accordance with the normative institutions of the Federal Revenue Office. 
 
FINANCIAL BOND 
Financial Guarantee 
Guarantees indemnity for losses arising from default on obligations assumed by the Borrower in relation to financial contracts. 
If your company works with : 
  • Asset management 
  • Alternative investments 
  • Start-Up 
  • Trading (Third Party Resources) 
  • Investments (Debentures, Crypto, Forex ...) 
This is the guarantee you've been looking for. 
 
BID BOND 
This type of guarantee is used in public tenders, and guarantees the contractor (Beneficiary) compensation if the winning company (Borrower) refuses to sign the performance contract as specified in the terms of the tender. Thus, the guaranteed bidder receives compensation for the necessary procedural costs. 

ADVANCE PAYMENT BOND 
Guarantees the contractor (Beneficiary) compensation for losses arising from the contractor's (Borrower's) default on advances granted by the contractor that have not followed the rules stipulated in the contract, through the contractual clauses. If the contractor fails to fulfil the contract and deliver the goods or services, the insured contractor receives compensation. 
 
RETENTION PAYMENT BOND 
Guarantees compensation to the contractor (Beneficiary) for losses resulting from the contractor's (Policyholder's) failure to fulfil the obligations assumed in the contract. This instrument is used to ensure that the contractor receives his payment instalments without the usual withholdings provided for in the contract. In practice, it acts as a substitute for withholding payment for contractors. 


Reach out to us . . .                                                                                                back

©2021 - ALL RIGHTS RESERVED - NEOTEC FINANCIAL SERVICES LIMITED