Our Bonds & Guarantees
Laiki Bank issues a full range of debt and undertaking instruments — fixed-income bonds, bank guarantees, standby letters of credit and documentary letters of credit — delivered bank-to-bank over the SWIFT network. Every registered certificate can be confirmed against our official registry in seconds.
The programme
Whether a client needs to raise term funding, secure a counterparty, or settle cross-border trade, the same treasury and issuance desk stands behind every instrument. Each is drafted to the relevant international rules, authenticated by our issuing entity of record — Cyprus Popular Bank Co LTD — and, where it is a registered certificate, recorded so it can be verified independently by any holder or beneficiary.
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Bonds, bank guarantees, SBLC and documentary LC.
SWIFT
Transmitted bank-to-bank via MT760, MT700 and MT799.
ISP98
Governed by UCP 600, ISP98 and URDG 758 as applicable.
Instruments
Four instrument families cover the great majority of client needs — from raising term capital to guaranteeing performance and settling international trade. Each carries its own purpose, governing rules and SWIFT message type.
Fixed income
Registered debt securities that raise term funding against a defined coupon and maturity. Issued as senior or subordinated notes, each carries an ISIN, a series and a face value, and is entered in our registry as a verifiable certificate held by a named holder or beneficiary.
Undertaking
An irrevocable undertaking to pay a beneficiary if our client fails to meet a contractual or payment obligation. The family includes bid and tender bonds, performance bonds, advance-payment, retention, payment, customs and VAT/TVA guarantees. Issued bank-to-bank by authenticated SWIFT message and normally governed by the ICC Uniform Rules for Demand Guarantees.
Standby undertaking
A standby "letter of credit of last resort": an irrevocable commitment to pay the beneficiary on first written demand should the applicant default. Widely used as collateral, credit enhancement and payment assurance in international trade and project finance. Issued by SWIFT MT760.
Trade settlement
The classic instrument of international trade: we undertake to pay the seller once shipping and commercial documents are presented in strict compliance with the credit terms. It substitutes the bank's creditworthiness for the buyer's and settles payment against documents, not goods. Issued by SWIFT MT700.
Guarantee applications
Guarantees can support procurement, construction, supply, infrastructure, trade and fiscal obligations. Wording, amount, expiry and claims conditions are tailored to the underlying contract and the beneficiary's requirements.
Tender stage
Secures the bidder's commitment to keep an offer open, sign the awarded contract and provide the required performance security.
Delivery stage
Protects the beneficiary if the contractor or supplier does not perform its contractual duties within the agreed terms.
Mobilisation
Covers repayment of an advance if the applicant does not deliver the related goods, works or services.
Completion
Replaces cash retained under a contract while preserving security through completion, acceptance or the defects period.
Commercial obligations
Supports payment obligations arising from supply agreements, leases, utilities or other eligible commercial contracts.
Public revenue
May secure eligible customs duties, import charges, excise or VAT/TVA liabilities in favour of the competent public authority.
Public procurement
Supports eligible tenders and contracts involving ministries, municipalities, public agencies and state-owned entities.
Private contracts
Provides security to private companies, project owners, suppliers and other approved beneficiaries across eligible sectors.
European scope
Instruments may be considered for eligible public authorities, public-sector bodies, corporates, contractors and private beneficiaries in European jurisdictions. Availability is always subject to client onboarding, credit approval, sanctions screening, the issuing bank's regulatory permissions, local law and acceptance of the proposed wording by the beneficiary or receiving bank. Registration or supervision in one jurisdiction does not by itself create blanket authority in every country.
Delivery by SWIFT
Guarantees and letters of credit are transmitted bank-to-bank as authenticated SWIFT messages — not sent to clients as loose paper. The receiving bank confirms authenticity through the SWIFT key exchange, so the beneficiary relies on a message it can trust. Each message type carries a specific role.
A bond certificate you hold in paper or PDF form can always be checked independently using the reference and QR code — see Verify a certificate.
A free-format, authenticated message used to signal intent — such as readiness, willingness and ability to proceed — ahead of the operative instrument. It is informational and does not itself create a payment obligation.
The operative message that issues a bank guarantee or an SBLC. It carries the full undertaking wording and binds the issuing bank once transmitted and authenticated.
Issues a documentary credit for trade settlement, setting out the documents required, the expiry, and the terms against which the beneficiary will be paid.
Amends a previously issued guarantee, SBLC or documentary credit — for example to extend validity or adjust an amount — under the same authenticated channel.
How issuance works
Every issuance follows the same disciplined path — underwriting, drafting, authenticated transmission and registry entry — so the finished instrument is both operative and independently checkable.
Onboarding, due diligence and confirmation of the underlying need.
Amount, tenor, beneficiary and pricing agreed and underwritten.
Instrument verbiage prepared to the applicable ICC rules and approved by both banks.
Pre-advice by MT799 where required, then the operative MT760 or MT700.
A registered certificate is entered in our registry with a reference you can verify below.
Verification
Any holder or beneficiary can confirm a registered Laiki Bank bond against the official registry — no login required. Enter the reference printed on the certificate, or scan its QR code, to view the issuer, series, denomination and current status.
Verification is instant and checks the live registry. The ISIN field is optional — provide it for an additional cross-check. You can also scan the QR code printed on a certificate or guarantee to verify it automatically.
Your verification result will appear here once you submit a reference number.
A positive result confirms the reference exists in our registry and reflects its current standing. It does not transfer ownership or constitute investment advice.
The certificate is genuine and held in the Laiki Bank registry.
A genuine instrument that has reached the end of its term.
Prepared but not yet issued — not a valid certificate. Treat any document bearing it as premature.
No matching reference exists — treat the document with caution.
Contact your private banker or request a consultation.
