A Performance Bond is a type of financial guarantee issued by a bank or financial institution to ensure that a contractor or seller will fulfill their obligations under a contract. It provides security to the project owner or buyer that the agreed-upon work or service will be completed as per the contract terms. At MET Holding, we assist businesses in securing Performance Bonds for their projects, providing financial security without the need to block cash funds. Our expert team ensures a smooth process, enabling businesses to demonstrate their reliability and commitment to completing contracts successfully.

How to Get a Performance Bond (PB) at MET Holding

At MET Holding, we specialize in providing Performance Bonds on behalf of sellers or contractors, supporting your export or project needs. We assist in obtaining MT760 Performance Bonds from rated banks, ensuring a secure and efficient process. Follow the simple steps outlined below to apply for a Performance Bond (PB):

1. Initial Request Submission
The client submits their MT760 request along with the relevant pro forma invoice or contract for their trade or project deal.

2. Review and Approval
MET Holding will analyze the trade or project deal between the parties involved. If the request is approved, the client will be asked to sign a service agreement with MET Holding and pay the required administrative charges to begin processing the bond request.

3. Structuring the Bond
Upon receiving the signed agreement and admin charges, MET Holding will immediately start structuring the Performance Bond transaction by blocking our bank limit.

4. Bond Draft and Issuance Fee
We will send the Performance Bond (PB) draft to the client for their review and approval. At this stage, the client will also be asked to pay the PB issuance fee.

5. Issuance of Performance Bond
Once the draft is approved and the issuance fees are received, MET Holding will instruct our bank to issue the Performance Bond from our account on behalf of the client. The bond will be transmitted to the counterparty’s bank account via SWIFT MT760, ensuring that the trade or project is backed by a secure and valid Performance Guarantee.
MET Holding ensures a smooth and efficient process, providing expert consultancy throughout to help clients secure the necessary bonds and confidently proceed with their projects or export deals.