non-standard guarantees Atypical guarantees are guarantees that may not be fully regulated in civil law (for this reason they are called atypical or inappropriate). However, it is widespread in banking practice and can be both real and personal.
1. Atypical guarantees A non-typical guarantee includes a credit assignment. When a company has credit against a debtor, it can allocate the credit to the bank and thus get instant liquidity in return.
Instant liquidity is provided in the form of a loan, and therefore, in this way, it is possible to obtain a loan to support one's investments.
Assignment of credit without right or right of recourse? Waiver of Credit Can Be Without Right: A formula that provides for the provision of credits at the time of the assignment. In this case, the assignor has no duty to respond to any default on the part of the debtor.
Alternatively, it can be waived by way of recourse: this formula states that credits will be paid when they expire. Therefore, in this case, the assignor must answer for any default on the part of the debtor.
