To issue bid, performance, advance payment, retention bond.
- ①Buyer requests Your Co to submit bank guarantees (e.g. bid bond, prepayment bond) on the projects.
- ②Your Co requests SMBC to issue counter guarantee on behalf of Your Co.
- ③SMBC requests Fronting Bank to issue fronting guarantee on behalf of SMBC.
- ④Fronting Bank delivers guarantee to Buyer.