Letter of Guarantee
Letter of Guarantee (LG) is a written undertaking issued by the guarantor (the bank) at the request of the applicant (one party of an commercial deal, or one part of a contractual or economic relationship) to the beneficiary (the other part), guaranteeing the fulfillment of certain economic obligations under the deal or the contract signed between the applicant and the beneficiary.
Tose’eTa’avon Bank, in compliance with the Central Bank of the Islamic Republic of Iran´s FOREX Regulations and By-laws, is prepared to provide different kinds of Letter of Guarantee.
Tose’eTa’avon Bank Central branches throughout the country are ready to accept applications for LG services.
