Bonds and Guarantees are written undertakings, either conditional or unconditional, issued by Standard Chartered Bank on customer‟s behalf to indemnify the beneficiary (the buyer of goods or services, the supplier or a Statutory Board) wherein the beneficiary requires a cash deposit or a bank Guarantee as support in the event of default against the terms of contract by the customer.
Bonds and Guarantees are like a Standby Letter of Credit and are not meant to be drawn against unless a demand has to be made by the beneficiary on the Issuing Bank along with a Statement of Default and any documents called for in the Guarantee are presented as evidence of such default.
This is to inform that by clicking on the hyperlink, you will be leaving www.sc.com/lk and entering a website operated by other parties:
Such links are only provided on our website for the convenience of the Client and Standard Chartered Bank does not control or endorse such websites, and is not responsible for their contents.
Thank you for visiting www.sc.com/lk