The Euro Bond is an insurance policy that guarantees the refund of the cash advance, similar to the Advance Payment Bond, and can be established if the cash advance comes from European funds.
Insured risks:
The firm and irrevocable commitment from the Insured Party and Insurer regarding the payment towards the Beneficiary of compensation up to the insured sum, in the event that the Insured Party does not meet its contractual obligations, i.e. the refund in term and the pre-established conditions of the cash advance.
