Collateral

[Pacman]

Do I need to put up collateral to get an ARC Bond?

[marietta68]

Originally Posted by Pacman

Do I need to put up collateral to get an ARC Bond?

Not always; it'll depend upon the financial condition of the company and the owner, as well as the bond amount - some companies may require only partial collateral. The bonds are considered a hazardous financial guarantee obligation.

[PT]

Originally Posted by Pacman

Do I need to put up collateral to get an ARC Bond?

As marietta68 indicated, collater is not always required. In fact, if you and your company qualify, there may not be any collateral required at all - just premium. The best way to determine what kind of premium will be required is to apply. When quoted, you will be advised whether or not any collateral will be required.