In many areas of the economy, especially in  construction – in the widest sense of the word, system manufacturing, machinery, etc, it is common practice for clients to demand security or deposits from their business partners in return for the awarding of a contract. This can be in the form of bonds or guarantees which are usually issued by the principal bank.

Specialized insurances companies can be seen as an alternative solutions provider for many companies as bonds/guarantees can be a very helpful supplement to the liquidity of a company.

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Lisbeth Lorenz

Group Practice Leader Credit & Political Risk

T +43 5 04 04 280