By Charlotte GAUCHON
23 March 2025
In the world of bank guarantees, del credere holds a special place. This payment guarantee offered by a credit institution is a valuable but little-known tool for securing commercial transactions. The diversity of del credere forms Bank del credere is defined as a guarantee whereby a credit institution undertakes to pay a seller if the buyer defaults. Its operation is based on a simple principle: the bank assumes the risk of the debtor's insolvency. As the JurisClasseur article explains, «the del credere banker is the one who, through his intervention, guarantees the risk of insolvency of a debtor». This guarantee has a major advantage: not only does it guarantee the solvency of the debtor, but it also guarantees payment on a specific date. Let's look at the main forms that this guarantee takes in current banking practice. The del credere in discounting transactions Fixed-price discounting (or non-recourse discounting) is a...
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