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In trade finance, bonds are instruments 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.

Bonding is the overall need for, and management of, such bonds.

Rising star of National Express treasury

"David Plimmer ... has also taken full responsibility for the group's £150m trade finance facilities, ensuring that National Express's bonding and letter of credit requirements are met on time, every time."
The Treasurer magazine, February 2018, p27 - Deals of the Year.

See also