Please use this identifier to cite or link to this item: https://scidar.kg.ac.rs/handle/123456789/9094
Title: The importance of bank guarantees in modern business (business environment in serbia)
Authors: Knežević, Mirjana
Lukić, Aleksandar
Issue Date: 2016
Abstract: © Mirjana Kneževiü, Aleksandar Lukiü, 2016. In contemporary international payment transactions, there takes place frequent use of bank guarantees as collateral payment in commercial transactions. The bank guarantee is usually required when it comes to specific business agreements that require stronger commitment and assurance that all contractual obligations will be implemented exactly as indicated. Knowledge of the use of bank guarantees allows better negotiating position in making business, quicker response to the demands of public calls for tenders and the provision of their own claims. Because of its rapid and efficient implementation, the bank guarantee is one of the most commonly used collateral in international business.
URI: https://scidar.kg.ac.rs/handle/123456789/9094
Type: article
DOI: 10.21511/imfi.13(3-1).2016.07
ISSN: 1810-4967
SCOPUS: 2-s2.0-85048551713
Appears in Collections:Faculty of Economics, Kragujevac

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