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Declaration by Applicant
1.
In consideration of the Bank issuing the bond/guarantee, I/we undertake as follows:
1.1.
To pay the Bank a quarterly fee of KES:
I/we understand that quarterly fees are due at the beginning of every quarter for the full term of the Guarantee.
1.2.
To offer a cash collateral where applicable.
2.
I/we hereby authorize the Bank to deduct:
2.1.
The quarterly fee and any other related charges from my/our account number:
2.2.
Cash margin from my/our account number:
Collateral Details
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Cash
Guarantee Line
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Account to be debited with bank charges and cash collateral:
Guarantee request with the following details:
Fees Applicable:
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Consolidated Bank
Rafiki bank
Ableways International
Family Bank
Gulf African Bank
Momentum Credit
I&M Bank
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