What are Bonds?
Give your international suppliers valuable reassurance and ensure they deliver as agreed. A bond issued on your behalf lets your suppliers know that you can meet your contractual commitments as long as they deliver on their side. When you use our bond service we assume your third party liabilities as an independent guarantor. As part of a global insurer we are accepted as equal to a bank while being more flexible in response to your needs.
How it works ?
Identify the need
Where you need to set up a bond, guarantee or other form of security to support a contract.
Provide complete information for review and assessment by our specialist team. They will share insight and advice.
Set up the bond
We act as a completely independent guarantor for your contract, acting on the defined and agreed terms.
The costs you have incurred can be recovered if the contractor defaults due to insolvency or another reason.
Find the right solution for your needs
What type of bonds does Euler Hermes offer?
- Variable duration
- The reliability of an offer in a tendering procedure
Advanced payments bonds
- 6 months duration
- The proper use of advance payments for a contractual obligation
- 2 years duration
- The proper performance of a contractual obligation
- 5 years duration
- The elimination of deficiencies during a warranty period of a contractual obligation
This list of standard bond types is not exhaustive, Euler Hermes can also provide you with tailored bonding solutions.
Benefits of Bonds & Guarantees solution
Our AA rating from Standard & Poor's provides your financial partners and beneficiaries with the confidence to trade at home or overseas.
Use our bonds and take the pressure off your bank credit line. The additional liquidity will be available for other calls on cash facilities.
Benefit from our global insights, local presence and in-depth expertise to meet your need for guarantees that safeguard international trade.