Seguro de operaciones internacionales CDMX

International Operations

Our staff is highly trained in the issuance of bonds with international counterparties, so we are sure to meet and exceed your expectations.

INTERNATIONAL BOND
Garantir L'nternational

This line of Services is aimed at foreign companies that operate as providers or contractors for the Government, or Individuals that must fulfill obligations within our national territory, or national companies that must fulfill obligations outside the country.

In all cases, and in accordance with the Federal Law on Surety Institutions, surety institutions are obliged to request from their sureties, sufficient and verifiable guarantees in order to be able to counter guarantee the obligations assumed.

If a foreign company enters into contracts with the Government or Individuals, and the one by virtue of the contract has the obligation to guarantee with confidence the obligations contracted and because it is a foreign company, it will not necessarily have the recovery guarantees established by our legislation, and thus this company would not be subject to surety; however, our legislation on surety allows foreign companies many differents ways of access to guarantees, and to use the different guarantee instruments, according to the following:

  • Solidarity Bond
    It can be any Mexican person or company with sufficient solidity and financial capacity.
  • Indemnity Bond
    When a foreign surety or insurance institution supports a private company, also foreign in the eyes of a Mexican surety institution, it must guarantee the obligations contracted in Mexico, and vice versa, when a Mexican is going to fulfill obligations abroad, the surety institution of our country supports the Mexican company to another surety or insurance abroad for the issuance of the policy, also to guarantee its obligations outside the country.
  • Standby Letter of Credit (SLOC)
    When the foreign company has definitely no third-party endorsement but the one provided by the bank in their country of origin, the letter of credit to be granted shall be irrevocable and confirmed.
  • Indemnity Agreement
    When a foreign company has a subsidiary in Mexico, the foreign parent can sign a letter of indemnity to counter-guarantee its obligations to the surety in Mexico.

As noted, although a foreign company has no assets in our country, it is likely to be subject to bond through the implementation of any of the above-mentioned models, which have individually performed a specific procedure.

If you are a representative of a foreign company that supplies goods or services, or operates in Mexico, contact us.

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