Issued Guarantees

We generate issued guarantees intended for entrepreneurs and companies at your request to secure obligations to the credit of domestic and foreign authorized entities. The most frequently used security instrument which decreases business risk of creditor.

Benefits

Bank guarantees strengthened the trustworthiness of the borrower in the eyes of the creditor.

Other merits include:

quick access to money,
conclusion of contracts for more advantageous conditions, as a bank guarantee allows you to give to partner a high-quality security instrument,
provide a bank guarantee instead of depositing finances on the account of the authorised party, for example for an offer for a public tender,
submit a bank guarantee instead of a retainer,
get payment from clients and head of time,
acquire deferment of payment from a supplier and enable him to finance receivables (forfaiting),
strength in the good reputation of your company.

Get Acquainted

Issued guarantees come about through a written declaration by the bank on a creditor bond that satisfies the demands of creditors up to the amount of a certain financial sum, should the third-party – the borrower – failed to perform their obligation or other conditions set forth in the creditor bond be met. The bank also issue non-payment guarantees.

guarantees are irrevocable,
the performance from the payment guarantee is always a monetary form,
the validity of the payment guarantee is set for maximum 1 year,
by non-payment guarantees is validity set for 5 years.

The types of bank guarantees that we generally issue:

payment – ensures the performance of any payment obligations of the client (guarantee for payment of a purchase price, the repayment of credit, the payment of leasing instalments, etc.),
non-payment – ensures the performance of the payment obligations of the supplier (guarantee for an offer for a public tender, return of payment beforehand, good performance of a contract, retainers, etc.),
customs,
other – for example for securing consumer tax, for TIR carnets, for court fees, for lost bills of lading, for obligations from other agreements.

Terms of Use

You can get a bank guarantee from us if you have a current business account with us.

When applying for the provision of a bank guarantee, we review:

the risk of the client from the point of view of providing credit engagement,
the security of the bank guarantee, which client can offer.

Conditions for acquiring the guarantee:

prolonging the Application for the Issue of a Bank Guarantee,
concluding a contract for the provision of a bank guarantee,
other documents after arrangement with the bank.

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