Give your customers valuable reassurance and develop your business with confidence. A guarantee from Allianz Trade lets your customers know that you can meet your contractual commitments. If you can't longer fulfill your contractual commitments, your customers could recover the damage by claiming the guarantee.
Create a competitive advantage by using our guarantees. As part of Allianz Group and with a AA rating from Standard & Poor's, our guarantees are better than the ones you can receive from the banks. We offer you more flexibility by tailoring the guarantee in function of your needs.
Surety Bonds & Guarantees
Looking for a guarantee or surety bond? Look no further, we are happy to help you today. With our AA rating part and part of the Allianz Group, we are a very reliable partner.
What are guarantees?
What is the difference between guarantees and sureties?
Guarantees and sureties are two instruments that parties use to offer each other more security and comfort. Although they are often used interchangeably, the obligations of the principal, the beneficiary and the guarantor are very different. They are therefore two different legal entities, each with its own rights and obligations for the parties involved.
Sureties
With a surety, the entrepreneur (or a third person) acts as guarantor. This means that if the entrepreneur is unable to fulfil the obligation, the creditor can claim payment from the guarantor. The guarantor does not always have to be the entrepreneur. Parents, relatives or friends may want to act as guarantors for the entrepreneur.
A surety alone offers little security in itself. If the surety cannot offer concrete securities, creditors will have to wait and see whether they can reclaim the money. That is why a surety is preferably linked to a security. If parents want to act as guarantors for the entrepreneur and they have excess value in their homes, this underlying security can be used to draw value from the surety.
Guarantees
A guarantee is an independent, private commitment that is separate from the deal you have entered into. This is very different from a surety.
The guarantor must fulfil their obligation irrespective of complications that may arise around a deal (the contract). They can only get out of doing so when there is clear evidence of abuse.
Increase your liquidity with our Guarantees
Our Guarantees do not drain your working capital. Financial institutions, such as banks, regard our Guarantees as a "temporary obligation" rather than a debt, so it does not appear on your balance sheet. This gives you back more control and flexibility financially. Our Guarantees are therefore a great alternative to a bank guarantee.
As part of the Allianz Group and with our AA score from Standard & Poor's, the market considers our Guarantees at least as good and reliable as those of your bank.
In this video, we explain how our guarantees can help you
How it works
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Identify the need |
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You need to set up a guarantee or other form of security to secure a contract.
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Risk analysis |
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Provide complete information for review and assessment. Our team of specialists will share insight and advice.
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Set up guarantee |
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We act as completely independent guarantor for your contract. Your client can deal contracts with you with confidence.
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Limit the damages |
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If you can't fulfill your contractual commitments, the damages caused to your client will be covered by the guarantee.
Why choose for Allianz Trade guarantees?
Security
Our AA rating from Standard & Poor's provides your financial partners and beneficiaries with the confidence to trade at home or overseas.
Liquidity
Use our bonds and take the pressure off your bank credit line. The additional liquidity will be available for other calls on cash facilities.
Reach
Extend your business into new markets. Benefit from our global insights, local presence and in-depth expertise to meet your need for guarantees.