HE said : 'Under the CFI, our offer of banking facilities to local road contractors includes advance payment guarantees, performance bonds, equipment loans, working capital, invoice discounting and many more products which have been specially tailored to meet the needs of our local road contractors.
What does APG stand for?
APG stands for Advance Payment Guarantee
This definition appears somewhat frequently and is found in the following Acronym Finder categories:
- Business, finance, etc.
See other definitions of APG
We have 207 other meanings of APG in our Acronym Attic
- Antarctic Polar Frontal Zone
- Aberdeen Proving Ground
- Aberdeen Proving Grounds
- Absorption Phase Grating
- Accord Politique Global (French: Global Political Agreement)
- Account Planning Group
- Acquisition Planning Guide
- Adaptive Process Guidance
- Adjunct Processor Group (mobile switching technology by Ericsson AB)
- Administration Planning Group (UK)
Samples in periodicals archive:
Pump-maker Pinnacle has some experience of exporting and has set its sights on an overseas contract in Egypt worth more than PS700,000, but raising an advance payment guarantee and performance bond was the stumbling block until it got help from UKTI.
The news follows the announcement on the 20th June that Lindner Depa's performance bond and advance payment guarantee, worth a combined $48m, were both pulled, "due to Lindner Depa's refusal to accept new non-favourable contract terms and conditions.
NBK is the mandated lead arranger, intercreditor agent, security agent, account bank, performance bond bank, advance payment guarantee issuing bank, and the letter of credit issuing bank, while Boubyan is the Islamic Agent Bank.
The facilities included performance bonds and advance payment guarantees in addition to other credit facilities.
This money was given under the head of Advance Payment Guarantee (APG) and mark-up at the rate of 15 per cent since default in targeted date of commissioning.
The State Bank was urged to look into the problem of advance payment guarantees to suppliers of equipment and material.
These costs can include purchase of raw materials or finished products, production of exports, and coverage of standby letters of credit serving as bid bonds, performance bonds or advance payment guarantees.