Banker's Guarantee

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  Banker's Guarantee

The business owner applies for the Banker's guarantee which can be given to the Client as a financial security since it ensures the payment recovery even if the business owner fails to make the payment after the deal.

The issuer/bank will check the agreement details from the concerned parties and issues the Verifiable Credential as a financial security.

The two parties who plans to do the business deal exchanges verifiable credentials as a financial security and establishes the deal. If the payment is not made after the deal, the payment is made by the Bank and ensures the safe and secured deal.

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