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Trade Finance Specialist (Bank Guarantees) ABB Group is having a global Export & Trade Finance organization with a center of competence in Zurich, dealing with different instruments such as Bank Guarantees,

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What is guarantees?

Guarantees are promises or commitments made by one party to another, agreeing to fulfill a certain obligation if the original party fails to do so.

Who is required to file guarantees?

Certain parties such as contractors, suppliers, and service providers may be required to file guarantees as part of a contract or agreement.

How to fill out guarantees?

Guarantees can be filled out by providing all necessary information such as the parties involved, the obligations being guaranteed, and any terms or conditions.

What is the purpose of guarantees?

The purpose of guarantees is to provide assurance to one party that their obligations will be met, even if the original party fails to fulfill them.

What information must be reported on guarantees?

Information that must be reported on guarantees includes the names of the parties involved, the obligations being guaranteed, any terms and conditions, and the duration of the guarantee.

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