Cash Backed Guarantee
Limited Offer. No issuance fees when you apply for 100% Cash Backed Guarantee through SAB iCorp & HSBCnet. Offer valid until 31 Dec, 2024.
Cash Backed Guarantee is a written undertaking issued by the bank against 100% cash margin or collateral amount deposited by clients and as in the case of all guarantees, it is payable at the first call or demand received from the beneficiary during the guarantee validity period. Cash Backed Guarantee is offered to SMEs with a maximum turnaround time of 2 hours for issuance of the Guarantee from receipt of the guarantee application & without visiting the branch.
Things you should know
- General Conditions