Guarantees

In support of our customers' business needs, Società Bancaria Ticinese can issue various guarantees.

Bank Guarantee

A bank guarantee enables you to ensure the performance agreed upon. The Bank undertakes to transfer the payment to the beneficiary of the guarantee on first demand.

Bank surety

A bank surety is different from the bank guarantee because it is legally bound to the underlying operation. The Bank makes the payment once it has asserted all the debtor’s exceptions towards the creditor.