Monetary Policy Report Press Release: December 2017 BOX Monetary Policy Report Implications of the electronics technology life-cycle and the rise of the Internet of Things for Asiaâs exports Developments in the unrated bond market and implications for financial stability
What is the difference between a surety bond and a bank guarantee? Surety bonds are typically conditional whereas bank guarantees are on demand. Only the performance risk lies with the surety, where the bank has the financial risk on the construction project.
A guarantee is a document that also protects the right of a consumer. Warranty and guarantee are two words that people come across when purchasing new products. These documents protect the customerâs right as they offer solutions incase the product purchased is faulty or defected.