Everyone Finance
Just a request for your info/experience with the situation below
So I'm interning at an organization is entirely donor-funded and one of the major donors has required us to bank with a financial institution that could provide us a financial/bank guarantee equating to around 60% of the grant. how do bank guarantees work?
what are the leading banks out there that offer this service? how does the guarantor benefit from providing the guarantee?
I'm a newbie to Finance.Any info appreciated.Thanks
So I'm interning at an organization is entirely donor-funded and one of the major donors has required us to bank with a financial institution that could provide us a financial/bank guarantee equating to around 60% of the grant. how do bank guarantees work?
what are the leading banks out there that offer this service? how does the guarantor benefit from providing the guarantee?
I'm a newbie to Finance.Any info appreciated.Thanks
26-30, M
