In the case of a guarantee, the bank gives the recipient of the guarantee the promise to pay compensation in the extent of the guarantee amount if the recipient of the guarantee demands it from the bank. The purpose of a guarantee is to offer the recipient security and quick monetary compensation if the other party to the contract fails to perform its obligations.
You can also read more about guarantees in the Swedbank brochure Documentary.
Authorised persons can send applications to Swedbank through internet bank for business customers if the company already has a guarantee credit limit.
Submit application
Please contact Business clients Consultation Centre to obtain a credit decision for issuance of guarantee credit.
Swedbank Documentary Payments Department
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