Performance bonds guarantee scheme

-A +A

The compensation mechanism that covers performance bonds given by credit institutions in favour of business professionals. The FGDR takes the place of a failed institution when it is no longer able to honour, vis-à-vis the public, the performance bonds issued by it in favour of business professionals who are required by law to provide a guarantee to their customers.


See "Performance bonds guarantee scheme" on this site.


Source: FGDR