Guarantees

Need to certify that you will fulfil your obligations in a procurement tender or assure another party in a transaction? Use a bank guarantee. We will pay the guarantee amount should you fail to comply with your obligations.

Why should you choose a bank guarantee?

  • You will reduce the transaction risk and be trusted more by the other party.
  • Bank guarantee is attractive because it is irrevocable and paid on demand.
  • We will also offer a guarantee as an alternative to advance payment.
  • Guarantees may be subject to international rules.

Types of Guarantees

Tender

Guarantees a monetary compensation to a buyer of goods or services, in the event that the seller fails to comply with their contractual obligations

Performance

Guarantees a monetary compensation to a buyer of goods or services, in the event that the seller fails to comply with their contractual obligations

Payment

Guarantees a payment to a seller of goods or services, in the event that the buyer fails to pay for the goods or services

Repayment of advance payment

Guarantees to a buyer a repayment of carried out advance payments, in the event that the seller fails to meet their obligations

Assurance of guarantee obligations

Guarantees a monetary compensation to a buyer of goods or services, in the event that the seller fails to comply with the guarantee term obligations

How to apply for a bank guarantee?

Ensure security. Have the amount requested in the guarantee in your account with our bank or submit an application form regarding the limit on guarantees.

Submit a request. Submit an Application for a Guarantee.

Receive the guarantee! We will provide your guarantee in written or electronic form.

Easier business agreements