Suretyship and financial guarantees
A surety undertakes obligations in relation to another person’s debt under the applicable law. A financial guarantee may serve a distinct contractual or regulatory purpose; the two mechanisms should not be treated as identical.
Who may need a guarantee?
Depending on local rules, some sectors, including temporary employment and travel services, may be subject to guarantee requirements. Eligibility, amounts and acceptable providers vary.
Read the terms carefully
Examine the beneficiaries, trigger conditions, term, exclusions, fees and cancellation provisions. The guarantee issuer and validity should be independently verified.
Caution Direct as a specialist resource
For information about dedicated surety and financial guarantee solutions, consult Caution Direct. Its own website sets out its application process and any conditions.