(Senior Associate / Coordinator of L/G Dept. for GCC foreign)
Arab Company for Shared Services
Total years of experience :16 years, 2 months
- The letter of guarantee is a guarantee tool and represents a very useful solution in case you need a financial institution to commit, on your behalf, to pay your partners if your company is not able to comply with its contractual obligations.
- A letter of guarantee is a document that is often issued by a bank or other financial institution. The purpose of the document is usually to confirm that a client has entered into a contract to purchase specified goods and services, and has made a commitment to honor any financial obligations that are involved with that contract. In situations where property or other assets have been pledged as collateral for the purchase, a letter of guarantee confirms that those assets will be delivered to the seller in the event of default on the part of the buyer.
Rule:-
In April 2013, my title has been changed to be (Senior Associate / Coordinator of L/G Dept. for GCC foreign) (I.E. U.A.E., BAHRAIN, QATAR, YEMEN) - Follow the regulations and instructions in the process of issuing bank guarantees and provide the necessary advise to avoid risks.
Banasthali University, MBA Candidate