Letter of Undertaking

Letter of Undertaking

Letter of Undertaking is a guarantee, by Fibon Capital, as a declaration by a party to another party that it will accomplish the responsibility that has been agreed upon, such as between a Supplier and a Customer. It works when a Supplier requires a form of assurance to minimize the chances for loss in a business transaction. The Customer would then refer to Fibon Capital to issue a Letter of Undertaking to protect the Supplier’s interests.

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