https://wiki.treasurers.org/w/index.php?action=history&feed=atom&title=Performance_guaranteePerformance guarantee - Revision history2026-08-12T02:57:07ZRevision history for this page on the wikiMediaWiki 1.40.0https://wiki.treasurers.org/w/index.php?title=Performance_guarantee&diff=37255&oldid=previmported>Doug Williamson: Create page. Source: Performance bond page.2021-04-04T11:20:41Z<p>Create page. Source: Performance bond page.</p>
<p><b>New page</b></p><div>''Trade finance.''<br />
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A performance guarantee is an instrument issued by a bank or an insurance company, in favour of a buyer, on behalf of a supplier, as additional assurance to the buyer that the supplier will perform its obligations under the supply contract. <br />
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Such a bank guarantee or insurance company guarantee will be supported by an indemnity issued by the supplier in favour of the bank or insurance company.<br />
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A performance guarantee can be called by the buyer in the event of any contract delays or defects in the supplier's performance of the contract.<br />
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Also known as a ''performance bond''.<br />
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== See also ==<br />
* [[Bond]]<br />
* [[Call]]<br />
* [[Guarantee]]<br />
* [[Indemnity]]<br />
* [[Performance]]<br />
* [[Retention bond]]<br />
* [[Trade finance]]<br />
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[[Category:Manage_risks]]<br />
[[Category:Risk_frameworks]]<br />
[[Category:Financial_products_and_markets]]<br />
[[Category:Trade_finance]]</div>imported>Doug Williamson