SBI Canada Bank issues Bank Guarantee (BG) / Stand By Letter of Credit on behalf of the customers in favor of local as well as foreign beneficiaries. Such BGs are generally financial guarantees or performance guarantees having underlying financial commitments. These are issued for bonafide purposes of trade and services. The BGs can also be issued for participation in various tenders on global basis. Advance Payment Guarantees are also issued on behalf of exporters/suppliers to guarantee the buyers against the advances received for trade/merchandise.
For details please contact for Toronto, VP (Credit) 416 479 3358, and for Vancouver, Manager (Credit) 604 731 6635.