Surety Bonds

As an alternative to cash deposits and bank guarantees, secure your performance and other contract-related obligations without having to provide tangible or collateral security.

Most bond providers are accepted as equal to a bank while being more flexible in response to your needs. PAF Securitisation No.1 Plc’s knowledge and expertise in Surety Bonds enable us to source bonding solutions for your business.

We have the courage to take intelligent risks. It’s about being curious, searching for answers, taking a proactive approach to solving problems, and offering a helping hand.

Credit enhancement insurance policies are issued by Prudential Regulation Authority (PRA) United Kingdom, a wholly owned subsidiary of A+ S&P rated HDI Global Specialty SE.

Strong relationships with our clients and colleagues are our cornerstone for success. They help us embrace opportunities, create value, and build trust. And when our clients prosper, so do we. We’re energized by outcomes and everything we do reflects our commitment to do right by our clients, business partners, colleagues, and the community. We never put our integrity at risk and we’re fair in our dealings so we can build enduring relationships for mutual benefit.

Trade Credit

Trade Credit Insurance protects your debtor’s ledger, which we see as one of the largest assets a business can carry. Even the most disciplined credit management processes cannot prevent bad debts, and businesses should ensure they are protected with Trade Credit Insurance.

Self-insurance or a bad debt reserve of cash won’t replace monies lost, whereas Trade Credit Insurance puts cash back in your hands to help mitigate the loss.

At PAF Securitisation No. 1 Plc, we’ve established many options with leading Trade Credit Insurance providers in both Europe and globally.

We’re future-focused and on a constant search for better ways of doing things. We’re nimble and adaptive and are ready for what lies ahead. We draw on our diversity of skills and expertise to go above and beyond and always deliver excellence. We’re driven by innovation, focused on growth and always looking for new opportunities.

PAF Securitisation No. 1 Plc has the knowledge and depth of expertise combined with multiple insurance markets to arrange the right protection, at an affordable cost. Contact us today to discuss your options for Surety Bonds.

How does it work?

Often identified as a contractual requirement providing security in support of a contract.

Ensuring mutually acceptable documentation as the cornerstone of the relationship.

Provide complete information for review and assessment. Our specialist team will share insight and advice.

Our experienced Underwriting and Client Service teams ensure that facilities and bonds can be established quickly.

Our AA rating from Standard & Poor’s provides the security that the bond will be there to meet the beneficiaries’ requirements.

Our bonds could release working capital facilities from the bank, and/or reduce the tangible security requirement on trading instruments.

Our bonds could allow you to expand your growth potential reaching new clients. Our global insight and local office presence can also assist with your international bond requirements.

How does it work?

  • Bids
    Use bonds to support your tenders for public work.
  • Advance payment
    Allows advances from your client to be drawn down, and secured by the bond.
  • Supply and service
    Security is provided against your obligations over the term of the service agreement.
  • Performance
    Security against contractual performance.
  • Maintenance
    Get security for defects discovered in the warranty period.
  • Joint ventures/consortia
    Bonds that are tailor-made bonds for construction projects.