Did you know there are three options for the financial guarantee instrument, required of all fully accredited ARC agencies?
A bond, irrevocable letter of credit and ARC security cash deposit are all acceptable surety instruments. Bonds and letters of credit need to be renewed on an annual basis; the cash deposit never needs to be renewed. For more information about all three financial guarantee options and the related applications, you can easily refer to the accreditation forms catalog here. You'll want to reference Forms 300-309 - Bond, Letter of Credit and Cash Security Deposit Information once you get there.