Guarantee Vault is a place for the issuance and safekeeping of digital guarantees. It gives banks & sureties the possibility to centrally issue and store instruments such as Bank Guarantees, Surety Bonds and Standby Letters of Credit in a truly digital (paperless) form. This combination of central issuance with digital guarantees is an innovation that delivers significant value to all market participants including applicants, guarantors and beneficiaries. Through the transparency it brings, Guarantee Vault adds an additional layer of efficiency right throughout the guarantee life-cycle.