Documentary business

Bank guarantee

A bank guarantee provides security for your business, enabling you to reliably fulfill your contractual obligations without blocking your own funds. Whether you are engaged in import, construction or sales, this instrument ensures the trust of your partners and financial stability with simple and fast implementation.

Guarantees issued by the bank:

• Payables – guarantees of payment security

• Actual

  • Bidding (tender)
  • for a job well done
  • for advance payment refund
  • to eliminate defects within the warranty period
  • aval bill of exchange

• Customs

Letter of credit

The most secure payment and collection instrument in international trade transactions.

A letter of credit provides security to both the buyer of goods or services and the seller.

• Advantage for the buyer: guarantee that they will receive the goods as agreed, without the risk of paying in advance
• Advantage for the seller: guarantee that the delivery of goods will be safely collected by following the instructions and conditions of the letter of credit

A letter of credit is a bank's obligation to pay the seller of goods or services a certain agreed amount within a certain period of time after the delivery of documents confirming the receipt of certain goods in accordance with the terms of the letter of credit.

Collection

Collection is an international payment instrument that is linked to the contractual relationship between the importer and exporter for shipped goods.

Letters of intent

Letters of intent are used for:

• for the issuance of a guarantee for good performance
• for issuing a guarantee for the return of an advance payment
• for issuing a guarantee for the removal of defects within the warranty period
• for the issuance of a guarantee for the orderly payment of obligations