Hi
will you please let me know the basis of fixation of % of guarantee commission on corporate guarantee?
3 Replies
seenivasa varathan
(MANAGER(ADMN))
(158 Points)
Replied 29 September 2009
Normally the banks are charging commission @ 3 % p.a.on bank guarantees.
Either you may charge the same rate of commission on corporate guarantee or you may bargain with your associate company for better commission .
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