Stand-By Letters of Credit and Bank Guarantees


Stand-by letters of credit

A stand-by letter of credit is used to guarantee different obligations, with the bank guaranteeing payment in the event of default on the part of the applicant.

Bank guarantees

A bank guarantee is an instrument whereby the bank guarantees to pay a specific amount of money to a beneficiary in the event that any failure to comply with the obligation guaranteed in said instrument.


  • Commercial guarantees
  • Performance bonds
  • Payment bonds
  • Bid bonds
  • Direct payment guarantees
  • Counter-guarantees


  • Bank guarantees are widely accepted both at home and abroad
  • Easy access to credit with other financial institutions
  • Advisory services with regard to issuing this type of product so that the inherent risk is adequately handled.
  • Guaranteed payment to third parties, in the event of default on the part of the applicant

¿How can I obtain this type of letter of credit?


  • A completed application requesting this type of letter of credit to be issued.
  • Text to be approved based on international standards and the Bank´s own internal policies.
  • The Bank may require further information o documents, based on the CRM policies currently in place.
  • The client must have obtained a line of credit

For more information please contact us at the following email address: