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Performance gtee is basically guarantee a performance of your client, the employer if not satified with the performance of you client as per the agreement signed with them the employer could claim the money guaranteed from the bank.

The financial gtee is basically when the bank guarantees a purchase done by its client from any of its suppliers... if the banks cusotmer does not make a payment after the purchase is done within a stipulated time frame stated in the agreement the bank is bound to pay.

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