That’s correct, Assuro will only provide bank guarantees that are 100% cash secured. This means that if you need a $100,000 bank guarantee you will need to deposit $100,000 with Assuro’s bank guarantee provider, an Authorised Deposit-taking Institution approved under the Banking Act 1959
(Cth).Don't want to tie down the cash?
Assuro can connect you with our specialist, ASX listed, business to business lender who may be able to finance your next bank guarantee. For more information on Bank Guarantee Finance, click here