Scenario

Advance Payment Guarantee

Secure mobilisation funds with reductions tied to progress milestones and evidence.

Applicant
Supplier/contractor receiving advance funds.
Beneficiary
Principal seeking protection until milestones are met.
Issuer
Financial institution issuing the guarantee.

Required documents

  • Contract with advance payment clause
  • Advance amount, reduction schedule, and milestones
  • Progress evidence requirements (certificates, invoices, photos)

  1. CDD Verification

    Verify signers and company before issuing.

    • Org profile
    • Signer KYC
    • CDD approval
    Go to CDD

  2. Create APG Request (ARCgx)

    Define advance amount, milestones, and reduction triggers.

    • Attach contract excerpt
    • Set milestones and dates
    • Add beneficiary and issuer details
    Open ARCgx

  3. Issuance & Share

    Issuer delivers guarantee; beneficiary verifies wording and accepts.

    • Verification checks
    • Acceptance with audit trail
    • Notifications to applicant

  4. Reductions & Closure

    Submit progress evidence; reduce value until fully extinguished.

    • Upload certificates/invoices
    • Approve reductions
    • Final release and archival

What you get

  • Mobilise earlier without tying up full cash
  • Transparent milestone-based reductions
  • Fewer disputes with attached evidence trail
Start in ARCgx Complete CDD Talk to us