Dexter Finance

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Product · Collateral

Guarantees

We guarantee performance of contractual obligations to third parties — technical, financial, international and first-demand bonds.

  • Technical guarantees
  • Financial guarantees
  • Credit and surety
  • International guarantees
  • Professional liability
  • First-demand bonds
  • Provisional or definitive sureties
  • Tender and performance bonds

Talk to the team.

A confidential request. We respond with judgement.

§ 01

How it works

A guarantee is a commitment by which an institution backs the fulfilment of an obligation toward a third party — payment of a tax, execution of a contract, delivery of a service or return of an advance. If the obligor fails to comply, the guarantor responds to the beneficiary. It is the essential tool for taking part in a public tender, formalising a demanding contract or securing an international operation.

Paso a paso · 04 tiempos

  1. First contact: type of guarantee, amount, beneficiary, term and modality (technical, financial, international).

  2. Analysis of the obligor: solvency, operational capacity and available counter-guarantees.

  3. Term sheet with conditions — format (first-demand or with beneficium excussionis), term, formalisation.

  4. Issuance of the guarantee to the beneficiary and delivery of the contractual documentation.

§ 02

Types of guarantee we issue

The type of guarantee is chosen based on the nature of the obligation being secured. Each modality has a specific fit and a different beneficiary.

  • Technical guarantees

    Secure obligations arising from works or service contracts: public tenders, performance, quality, maintenance, after-sales warranty.

  • Financial guarantees

    Secure payment obligations toward Public Administrations: tax deferrals, social-security contributions, VAT refunds, debts with Hacienda.

  • International guarantees

    Bonds issued in international trade operations: bid bonds, performance bonds, advance payment bonds and standby letters of credit.

  • Credit and surety insurance

    Trade-credit insurance that covers the risk of non-payment in domestic and international B2B transactions.

  • Professional liability

    Civil liability cover for regulated professions — architects, lawyers, consulting firms, engineering, healthcare.

  • First-demand bonds

    The most demanding modality: the institution pays the beneficiary immediately upon request, without arguing the substance. Standard in large tenders and international trade.

§ 03

When a guarantee is needed

Guarantees are everyday tools for sectors operating with public clients, demanding contracts or international exposure. These are the typical scenarios.

  • Public-sector tender

    Provisional guarantee at bid submission and definitive guarantee at contract award — standard requirement in public-sector procurement.

  • Tax deferral

    Deferring tax payments or social-security debts requires a guarantee that secures fulfilment of the agreed schedule.

  • Customer advances

    When a customer makes a significant advance, they typically require a guarantee securing the return if the contract is not completed.

  • International contracts

    Cross-border trade, international tenders or international subcontracting require standardised guarantee instruments.

  • Regulated professions

    Licensed professionals — engineering, architecture, healthcare, legal — need professional liability cover as a precondition to practise.

  • Quality or after-sales warranty

    Construction firms and industrial suppliers need guarantees that cover defects detected during the contractual warranty period.

§ 04

Frequently asked questions

  • What documentation do you need to issue a guarantee?

    For an initial assessment: profile of the obligor (key figures, sector, track record), type and modality of the guarantee, amount, beneficiary, term and available counter-guarantees. Formal documentation — deeds, financials, the underlying contract — is provided after the term sheet is accepted.

  • Do you guarantee companies with credit-registry presence or incidents?

    Yes, case by case. The analysis focuses on the operation to be guaranteed and on the counter-guarantees offered, not solely on credit history. Incidents are evaluated in context and are often not an impediment.

  • What counter-guarantees do you require?

    Depends on modality and amount: pledges on deposits or accounts, mortgages on real estate, personal guarantees by the administrator, pledges of receivables. The structure is designed around the operation.

  • How quickly do you issue the guarantee?

    Initial feasibility response within 24–48 hours. The actual issuance, once the term sheet is accepted and the counter-guarantees are formalised, is typically a matter of days.

  • What is the difference between a guarantee and a surety?

    A guarantee implies a joint obligation by the guarantor toward the beneficiary — pays if the obligor doesn't pay. A surety bond is an insurance contract where the insurer indemnifies the beneficiary upon non-compliance. They serve the same role; the legal and tax structure differs.

  • Do you issue international guarantees?

    Yes. Guarantees issued under standardised international rules — URDG 758 of the ICC, ISP 98, UCP 600 where applicable — for export operations, international tenders and cross-border subcontracting.

Leer en profundidad
§ 01

Financial guarantees, in depth

Financial guarantees serve to secure, before Public Administrations and Bodies, the deferral of taxes, social-security contributions and other debt-derived obligations. They are the instrument that allows a company to defer a significant tax payment without incurring default — the Administration accepts the deferral because the guarantee backs future collection.

Typical modalities include guarantees for the deferral of VAT, corporate tax or personal income tax, guarantees before the Social Security, gambling-licence guarantees (regulated by the autonomous communities), tender bonds (provisional at bid submission), performance bonds (definitive at award), non-cash guarantees before third parties, and provisional or definitive sureties in different contractual contexts.

§ 02

Guarantees in international operations

International trade operates on globally recognised guarantee standards. The most common: Bid Bond (tender guarantee) to take part in an international tender; Performance Bond (execution guarantee) to secure compliance with the awarded contract; Advance Payment Bond to back the return of upfront payments; Standby Letter of Credit, which acts as a bank guarantee universally accepted.

The texts are drafted under international rules — URDG 758 of the International Chamber of Commerce, ISP 98, UCP 600 for documentary credit — that give beneficiary and issuer a contractual framework recognised in any jurisdiction. This is critical when the beneficiary is a foreign body, a multinational based in another country or an international consortium.

§ 03

Dexter's approach to guarantees

Guarantees are everyday operations for companies with demanding contracts — but traditional banks have substantially tightened issuance conditions: increasingly strict counter-guarantees, lines that are consumed quickly, issuance timelines that do not fit tender deadlines.

Our approach is practical and high-coverage. We operate dedicated lines for issuing guarantees across all modalities — technical, financial, international, professional — and the decision is made on the operation, not on a closed catalogue. The counter-guarantee structure adapts case by case. What matters is that the guarantee is issued on time and with the correct wording.

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