The credit by way of bank guarantee is an endorsement credit, with which Kreditinstitut takes over a directly liable endorsement. This concerns a form credit-borrows. The bank takes over thereby an accessory endorsement or an abstract warranty as adhesion up to a certain maximum amount for an obligation of the customer. Thus this the admission of a credit becomes more erhleihter with third.

Bank guarantees are demanded mainly by authorities, in addition, by private enterprises:

• for liabilities of the banking customers from freight, taxes and tariffs, e.g. with the freight respite procedure of the course.
• for agreed upon contractual penalties with not punctual completion of an achievement, e.g. Road, bridging, building of houses.

As return for the endorsement the debtor pays the bill guaranty commission in such a way specified, which lies generally between 1% and 2,5% per year to Kreditinstitut. The credit by way of bank guarantee has the advantage during the security for the debtor that it must deposit no the liquidity of loading amounts.

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