Surety bonds are the alternative to Bank Guarantees with many advantages
We offer portuguese companies the option to purchase surety bond products from Onix Asigurari, S.A. Insurance Company
Surety Bonds are a useful financial instrument because they are an alternative to the bank guarantee with many advantages, including:
- You can substitute bank guarantees already issued and deposited with surety bonds, thereby releasing frozen resources
- They do not accumulate debt; they do not appear as a credit to the company; they lower banking risk; and they do not appear in the CRC -Central Credit Register of the Bank of Portugal- which helps improve financing
- They do not pledge resources - greater liquidity, larger cash bank
- They are more efficient in time and money than a bank guarantee
- They help to simultaneously participate in more auctions
- Option of policies with maturity of over 5 years
- Granting of limits higher than the market average
- Convenience of the PLAFOND System – revolving pre-approved line of surety bonds that allows you to quickly obtain your guarantee when you need it, following the established steps
Become part of the Onix Asigurari Company, S.A. Broker Network in Portugal, it could offer new possibilities to your clients in the provision of guarantees / sureties.