Guarantees and endorsements

Empresas Cobertura de Riscos Guarantees and endorsements

Commitments and obligations

We guarantee the payment of the commitments and obligations that your company has acquired before third parties.

Guaranteed convenience, speed and competitiveness

In BBVA we guarantee the payment and fulfillment of the commitments and obligations that your company has acquired before third parties (payees).

Advantages

  • Speed in issuance.
  • It offers confidence to intervening parties because there is at least one bank involved.
  • It replaces the creation of the guarantee deposits that are necessary to ensure certain contracts, avoiding capital lockup or financing and thus becoming an significant support to cash management.
  • Issue costs below the costs of capital lockup or financing
  • The bank irrevocably undertakes to pay the payee if the customer does not comply with what has been established in the business.

Modalities

  • Guarantees for the Direcção Geral das Alfândegas (Customs Administration).
  • Guarantees for the compliance of obligations for courts, finances, city halls, incomes, etc.
  • Supply/award guarantee for public works and other entities.

How does it work?

The bank guarantee is provided in a hard copy issued by BBVA with a signed credit operation, whereby the Bank guarantees the payee the obligations and commitments undertaken by your company, thus honoring the commitments in the event of non-compliance.


For further information, please call the BBVA Helpline at 707 256 256 (+351 21 391 14 16 from abroad) available Monday to Friday from 7:00 am to 9:00 pm and Saturday from 9:00 am to 9:00 pm or through empresas.pt@bbva.com.