Monetary Policy Report Press Release: December 2017 BOX Monetary Policy Report Implications of the electronics technology life-cycle and the rise of the Internet of Things for Asiaâs exports Developments in the unrated bond market and implications for financial stability
What is the difference between a surety bond and a bank guarantee? Surety bonds are typically conditional whereas bank guarantees are on demand. Only the performance risk lies with the surety, where the bank has the financial risk on the construction project.
Clearly, there are marked differences between quality guarantee and quality control. Assurance of quality is a set of preventive activities, which are focused on processes wheâ¦reas quality control is a detection activity, which is focused on detecting the defects once the product is manufactured.