Securities and Bonds
NOTE: Ministry staff should be aware that there may be ministry-specific policy, procedures, templates and guidance for this subject area. Consult the link on the right for the applicable ministry for more information.
Financial guarantees reduce the risk of financial losses arising from a licensee or contractor having the financial inability to meet performance specifications. Government staff should be aware of ministry-specific financial guarantee policies or refer to the corporate Financial Guarantee Guidelines. The Risk Management Branch and Government Security Office's Forms and Guidelines contains additional supporting information for ministry staff (access restricted to ministries only).
Note that some ministry solicitation and contract templates that have been approved by Legal Services and RMB include language specific to financial guarantees. Do not change this language without approval by both Legal Services and RMB.