In need of a financial guarantee for a specific operation or a third party? – We can help out.

BCP Bank (Mauritius) offers* different types of Bank guarantees and sureties to cover specific situations and make your business grow

At the client’s request, a Bank guarantee can be issued on behalf of the client. It is a promise from the bank that the client’s liabilities will be met in the event of a failure in the contractual obligations.

Major benefit

Our undertaking vis-à-vis your contractual partner stands for a solid and reliable guarantee.

*Conditions apply, subject to approval of application by the Bank

Types of bank guarantees

Performance Bond

This is a contractual guarantee. Its purpose is to compensate the beneficiary in the event of the improper execution of the contract by the applicant (delays, quality etc.).

Tender Bonds

This guarantee applies in the context of the submission of a tender proposal by the applicant. It ensures the prospective buyer that, in the event the proposer (the Bank’s client) wins the bid, the latter will effectively deliver goods or services, as set out under the terms of the tender document.

Advance Payment Bond

Commercial contracts usually specify that the buyer must first settle one or several down payments before the vendor starts the manufacturing process or the delivery of supplies. As a counterpart, the buyer requests an advance payment security from the vendor. This ensures the buyer that in the event the vendor does not satisfy the terms of the contract and its respective obligations, the down payment will be refunded.

Retention Money Bond

This guarantee enables an exporter to perceive a cash advance corresponding to a part of the contractual price to be settled by the buyer upon the execution of the contract by the Bank’s client or at the end of the guarantee period. The purpose of a Retention Money Bond is to make sure the buyer will refund the cash advance at the end of the guarantee period. This also allows the buyer to cash in any balance of payment due, before the end of the guarantee period.

Shipping Guarantee

This guarantee enables an importer to clear goods from Customs in the absence of a bill of lading. It is granted by the Bank to a client so that the latter can take delivery of goods on the undertaking that respective import documents will be submitted to Customs at a later stage.

Miscellaneous Guarantees
  • Bank guarantee for immigration purposes
  • Customs guarantee 
Avalised bills of Exchange

An endorsement is a commitment by the Bank to guarantee third party payment upon a bill of exchange (such as a letter of exchange & promissory note).

More information?

  • Please call on any one of our branches or contact your Relationship Manager.  
    You may also call our Customer Relationship Center on 207 1000.