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Davidoehme | Pearltrees
Understanding the Difference between Bank Guarantee and Bonds. Bank guarantees are usually on demand, whereas surety bonds may be conditional. With surety, there is a performance risk. This means the bank will face the financial risk on construction projects. In case of accounting, surety will considered as just a liability as any other insurance product. On the other hand, credit risks in a bank are considered as asset side. It is true that in most countries, banks issue bonds. Rules for Savings Bank Account Both bank guarantees and bank bonds serve as financial instruments that ensure protection to the parties… Read more »
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