11.   However, there is no security or bank guarantee provided by the vendors in respect of the profit guarantee.

12.   If the companies defied the export ban, the government could cash in the bank guarantee as state receipts.

13.   Initial findings of the committee showed PT Cebu Woodstone used fake documents, including a bogus bank guarantee, to clinch the contract.

14.   Lim said the London-based Carat would enable the company to increase its bank guarantee when its billings increased.

15.   NPLs apart, another concern is off-balance sheet items, such as bank guarantees and letters of credit, another analyst said.

16.   Of the eight put up for auction so far, bidders appeared for only five, and one winner was disqualified for lack of adequate bank guarantees.

17.   Port company spokesman Rodolfo Murillo said the ship would be able to sail as soon as the owners posted a bank guarantee.

18.   Telecommunications Minister Sorin Pantis said the Italian company did not offer a bank guarantee or specify a sum.

19.   That deal did not come through after the potential investor failed to come up with the required bank guarantee for the amount.

20.   The financial resources and management of Carat also alleviates the problem of ever increasing bank guarantees which accompanies increased billings.