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.
To become bonded, you must first determine whether you need a surety or fidelity bond. The important difference is that surety bonds are required by a third party (usually the government) to protect itself or the public, and fidelity bonds are insurance for you or your business.These typically protect your business from employee theft. If you have been required to post a surety bond, continue reading.he important difference is that surety bonds are required by a third party (usually the government) to protect itself or the public, and fidelity bonds are insurance for you or your business. These typically protect your business from employee theft. If you have been required to post a surety bond, continue reading.