Subject to a minimum of $50 per guarantee per sixth months. The fee is payable in semi-annual instalments in advance, with the first payment due on the date of issue of the Bank Guarantee.
What is a Bank Guarantee?
A Bank Guarantee is a surety in writing that we give to a third party to guarantee that a payment you owe them will be made on demand.
Only the beneficiary (your customer or supplier) can demand the payment.