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Bank guarantees
We are offering you the following types of bank guarantees:

Bid Bond (Tender Bond)garancii
  • Application -
  • Guarantee Amount - most frequently from 2% to 5% from the contract value.
  • Term - most frequently short-term.
  • Area - for participation in tender procedures.
  • Purpose - preventing from claims by tender organisers against a tender participant who would withdraw himself from the bid before the end of the validity period or if the offering is changed unilaterally or in case the tender winner refuses to sign the contract or to provide further guarantees on demand.

Advance Payment Guarantee
  • Application Area - For foreign trade activity, foreign trade exchange, trade and industry.
  • Purpose - reventing from claims by the buyer on the seller for reimbursement of advance payments of the buyer under the contract price paid before delivery of the goods (or advance payments for the full contract price) – in case the seller has failed to fully meet his contract obligations.
  • Guarantee Amount - the amount of the installments or of the advance payments.
  • Term - the period of delivery of the goods or services increased by a preliminarily specified term (e.g. 15 days).

Performance Bond

  • Application Area - for foreign trade activity, domestic trade, production, construction.
  • Purpose - securing against claims by the buyer to the seller resulting form omission or non-performance under the conditions and/or terms of the contract (e.g. construction, assembly, execution).
  • Guarantee Amount - Usually from 5% to 20% from the contract value.
  • Term - until expiry date of the contract.

Guarantee for Warranty Obligations
  • Application Area - for foreign trade activity, domestic trade and industry where the guarantee is most often a surety.
  • Purpose - securing against claims by the buyer on the seller that would occur as a result of defects appearing after the delivery.
  • Guarantee Amount - usually from 5% to 20% from the contract value.
  • Term - depending on the character of business. Usually 1 year after the delivery or commissioning of the project.

Payment Guarantee

  • Application Area - for import and export, the payment guarantee is often used instead of a documentary credit – upon a delivery against “an open account”.
  • Purpose - securing against claims by the seller on the buyer regarding payments of the contract price by the agreed date.
  • Guarantee Amount - the contract price or part of it.
  • Term - payment date increased by a preliminarily negotiated term (e.g. 15 days).


Guarantee Securing a Credit Line
  • Application Area - all kind of credit deals.
  • Purpose - securing against claims by the by the lender on the borrower due to a credit (loan, etc.) not being repaid in accordance with the terms of the contract
  • Guarantee Amount - loan amount with included interest rate costs.
  • Term - expiry of loan increased by a preliminarily negotiated term (e.g. 15 days).


Customs Guarantees
  • Application Area - for foreign trade activity and occurrence of customs liabilities.
  • Purpose - securing against claims by the customs office on customs liabilities.
  • Guarantee Amount - the customs liabilities amount.
  • Term - the term of operation of the temporary import or the operation of the customs storehouse increased by 6 months.