Guarantee Your Financial Commitments with a Bank Guarantee

Guarantee Your Financial Commitments

If you’re bidding on domestic or international contracts, you’re often required to demonstrate your performance capability or ability to meet your contractual obligations. Let an RBC Guarantee assure your clients and suppliers of your financial integrity.

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Why Choose an RBC Bank Guarantee

Develop your business by being able to provide the guarantees required by critical contracts
Avoid tying up valuable working capital by replacing cash holdbacks and payment retentions with RBC’s guarantee
Save money by using guarantees when issuing commercial paper to raise funds
Build credibility with companies you deal with, by offering guarantees under specific circumstances
With RBC Global Trade™, issue and manage your guarantees online anytime, anywhere with time-saving features such as historical information, templates, reports and a user-friendly interface

When to use a Guarantee:

If the success of an important contract hinges on your ability to perform a service or make a payment
You wish to establish your business’ performance capability and financial integrity with clients and suppliers
You need to guarantee lease payments on a commercial property
You’re looking to assist with bidding on large projects by providing bid, performance and warranty bonds
Your foreign subsidiary needs to secure credit facilities from a local bank
You want to improve your financial standing by issuing guarantees rather than providing cash up front (i.e. for a down payment)

Consider these options to help support your RBC Guarantee:

Export Development Program – Export Development Canada

The Export Guarantee Program provides increased borrower risk coverage, allowing RBC to consider expanding financial support to exporting companies. We provide:

Working capital and/or pre-shipment financing
Foreign investment or acquisition financing
Investment Tax Credit financing facilities

View Details about Export Guarantee Program

Best For:

Financing domestic assets (guarantees up to 75%)
Financing foreign assets (guarantees up to 100%)

Foreign Exchange Guarantee – Export Development Canada

The Foreign Exchange Guarantee is an irrevocable and unconditional 100% guarantee intended to substitute or supplement the collateral required to support foreign exchange hedging facilities.

Covers 100% of a borrower’s exposure
The guarantee is irrevocable and unconditional
Includes coverage related to performance risk (i.e. performance, bid and advance payment bank instruments)

View Details about Foreign Exchange Guarantee

Best For:

Exporters across sectors, regardless of company size

Performance Security Guarantee – Export Development Canada

The Performance Security Guarantee is an irrevocable and unconditional guarantee to cover 100% of the risk inherent in issuing a bank instrument.

Covers 100% of a borrower’s exposure
The guarantee is irrevocable and unconditional
Claims are managed directly between RBC and EDC, with no action taken against the borrower

View Details about Performance Security Guarantee

Best For: