RNR Trade Corporation Company Limited

It is true that business sometimes needs to GUARANTEE payments and a bank guarantee allows the customer, or debtor, to get goods, buy equipment or draw down a loan. Well, there are different kinds of bank guarantees, including direct and indirect guarantees. However, most people choose Direct Bank Guarantee in Thailand because the direct bank guarantee is a guarantee which is issued by the bank of the account holder directly in favour of the Beneficiary. Are you curious? Well, in today’s article, we will discuss the advantage of bank guarantees in Thailand with an example. Please, carry on reading the upcoming passage to learn more. Bank Guarantees in Thailand A bank guarantee is a lawful agreement, it covers the liabilities of a borrower in case of the debtor’s loss to fulfil proper commitments with another company. It is commonly given by the commercial banks to parties engaged in agreements with foreign or unknown parties, but this system will be valid for a definite peri...

Payment guarantees for business is not a secret. As a business owner, you may agree to experience a few situations when you can’t set many of your business dealings because of payment. You are not an exception, right? Then, why don’t you go for financial guarantees? It is one of the best alternatives to carry on your financial settlements even in the crisis. The financial guarantee can assure you to get loans from a bank or any non-bank financial company. Well, while applying for financial guarantees in a financial company, you will get acquainted with a variety of guarantees. If you are going to apply for such a guarantee for the first time, having no idea is quite natural. Make sure to know all the details before visit any bank or NBFC in this regard. Know different types of financial guarantees A financial guarantee involves a contract or deals with a bank or any non-bank financial company. While facing a financial crisis, you can apply here for loans. The banks or NBFC compani...

Bank guarantee is an agreement or a promise between three parties - the bank itself, the applicant, and the beneficiary. It helps to have a beneficiary’s vetting for your business. It is actually a guarantee letter which states that in case the applicant (buyer) defaults or escapes from its responsibility the bank of Thailand will provide the currency (up to a limit mentioned in bank guarantee). By reading the intro, you must have realized how helpful the bank guarantee is.   However, in today’s article, we will define it widely. Keep scroll down this page. Advantage of a bank guarantee in Thailand Go through the below mention points and you will easily understand the benefits of using a bank guarantee service in Thailand. At first you have to know that it is a promise. It is a written promise between the bank and the applicant. As a buyer you can enhance your business, you can buy your goods from others. Here the bank offers to stand as the guarantor on behalf o...