Cross-border Guarantees

By mmuise

Cross-border Guarantee from Scotiabank provides the buyer with the capability to demand compensation from the issuing bank in the event of any breach of contract. These guarantees are commonly necessary for international projects involving the sale of goods or services to foreign buyers, including governments.

Comments on Funding:

There are several types of Cross-border Guarantees, each with a specific purpose.

Deadline: Continuous Intake

Applicants must be in importing and exporting businesses.

Application Steps:

Applicants must talk to one of our Relationship Managers about Scotiabank’s Corporate and Commercial Banking solutions at (649)339-7100.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

In some situations, a standby letter of credit is more appropriate than a Cross-border Guarantee.

About the author