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Coface expands its portfolio in Romania, launches surety bonds


As a leading player in credit insurance, Coface supports companies with guarantee instruments that help them take part in public procurement procedures. The surety bonds offered by Coface represent a viable alternative to the letter of credit and are dedicated to companies involved in public procurement contracts.
“The launch of the Surety Bonds division is done after a year marked by unprecedented challenges and as a natural step in the development of Coface on the Romanian market. We thus continue to support companies through complex risk management services, developing our offer with guarantee instruments designed to meet the needs of companies taking part in public procurement processes. This product is Coface’s response and contribution to the need for companies to participate safely in submitting bids, concluding and carrying out this type of contracts,” stated Eugen Anicescu, Country Manager, Coface Romania. ....

European Union , Head Of Bonding Department , Surety Bonds , Eugen Anicescu , Country Manager , Bonding Department , ஐரோப்பிய தொழிற்சங்கம் , பிணையம் பத்திரங்கள் , நாடு மேலாளர் ,

Digital Vault Services GmbH launches its market solution for Digital Guarantees


Digital Vault Services GmbH launches its market solution for Digital Guarantees
Digital Vault Services GmbH (www.digitalvaultservices.com) is pleased today to announce the launch of Guarantee Vault, its solution for digital guarantees which went live on the 18 January 2021.
Guarantee Vault is a central register for the issuance and safe keeping of digital guarantees. It gives banks sureties the possibility to centrally issue and store instruments such as Bank Guarantees, Surety Bonds and Standby Letters of Credit in an electronic form.
Sven Matzelsberger, Head of Treasury at Lindner Group KG stated Guarantee Vault has been a true market collaboration between corporates, sureties and banks. Our shared experiences, collaborative spirit and common vision are at the heart and soul of what Guarantee Vault is. ....

Bayerische Landesbank , Sven Matzelsberger , Nick Pachnev , Brigitte Schmidt , Nicole Kerndler , Kostenloser Wertpapierhandel , Euler Hermes , Ludger Jan , Oliver Jacobs , Atradius Kreditversicherung , Marina Simmerl , Digital Vault Services Gmb , Deputy Head Of Bank Guarantee Management , Global Trade Corporation , Lindner Group , Head Of Treasury At Lindner Group , Digital Vault Services Gmbh , Guarantee Vault , Bank Guarantees , Surety Bonds , Standby Letters , Deputy Head , Bank Guarantee Management , Bond Production , Managing Director Digital Vault Services , Vault Services Gmbh ,