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Bonds & Guarantees

We provide services that support your business by demonstrating your creditworthiness and ability to meet contractual obligations.

Performance Bonds

Bonds and Guarantees are services that support your business by demonstrating your credit-worthiness and ability to meet contractual obligations.

Features

  • Tenor is usually for one year or less.
  • Bonds and Guarantee are both multi-currency documents and can be for any amount.
  • Available as SBLC/APG/Performance Bond, Bid Bond

Benefits

  • Allows flexibility on negotiating contract terms
  • Funds can be used to support working capital requirements

Bid Bonds

Bid Bonds are part of documentary requirements to obtain contracts. We offer this service in a manner that gives our clients a competitive advantage over others. 


Advance Payment Guarantees

The Advance Payment Guarantee serves as a guarantee to principal contract employers to enable our borrowing customers (Contractors, suppliers, developers, etc) secure release of an advanced payment of the contract value (in part or full) for execution of project / works according to technical specifications.


Bank Guarantees

Bonds and Guarantee are services that support your business by demonstrating your credit-worthiness and ability to meet contractual obligations 


Custom Bond

Custom bonds are offered to service customers specific requirements of the port authorities and customs service. 


Importation Bonds

These are bonds issued to support imports and other requirements from the port.

 Indemnity for liability Instrument:
All liability instrument issued or purported to be issued by Access Bank Plc (“Bank”) (including without limitation, Advance Payment Guarantee, Performance Bond, Retention Bond, Warranty Bond, Bank Guarantee, Bid Bond, Bid Security, Tender Guarantee, Tender Security, Standby Letter of Credits, amongst others) shall require independent written verification or authentication of such instrument by the company secretary or legal adviser of the Bank before any reliance can be placed on such instrument by any beneficiary or any other party.

Please note that the Bank shall not be held liable to any party or beneficiary for any loss or damage of whatever nature (whether direct or indirect) suffered as a result of reliance placed on an unconfirmed or unverified instrument issued or purported to be issued by the Bank.

Latest News

Access Bank to Support Education with $1.7m raised at 2022 UK Charity Polo Tournament Access Bank Joins African Natural Capital Alliance as Founding Member Access Bank Reiterates Funding for SMEs