GENERAL BANKING SOLUTIONS :: Letters of Undertaking
A letter of undertaking is a service whereby the bank guarantees a customer's payment obligation, of a specified amount, to a third party, in accordance with terms and conditions stipulated in a contract.
The contract or agreement depends on the completion of that undertaking.
Debt Management is now easier for you with this FGB facility which assures your creditors that they will be paid on time. Speak with your FGB representative and find out how you can access this service.
Features:
- FGB guarantees the performance of the customer
- All the aspects surrounding the contract are outlined in the document
- The contract is binding on all the parties involved
*Subject to applicable conditions.
