Bank guarantee is irrevocable obligation of the Bank to pay the beneficiary a certain amount upon presentation of a demand for payment in accordance with guarantee terms. This is a reliable tool for ensuring the security and stability of business relationship between counterparties and often is a mandatory for participation in Bids.
Advantages:
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The cost of the guarantee is significantly lower than the loan
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Possibility of gradual payment of remuneration
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Experienced consultation to customers
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Wide network of correspondent banks
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Experience of work with different types of guarantees
Collateral
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100% cash coverage
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Credit lines
Tariffs
|
Description |
Commission |
Min |
Max |
|
Issue against cash collateral / deposit |
for bidding: 0.6% per a quarter |
KGS 5000 |
|
|
for others: 0.6% per a quarter |
KGS 10000 |
|
|
|
Issue of a guarantee against other collateral |
for bidding: 4% per annum |
KGS 10000 |
|
|
Other types: Issue - 0.5% plus rate up to 1.5% per a quarter |
KGS 10000 |
|
|
|
Amendments to a guarantee |
KGS 10 000 In case of increase of the amount or term: 0.1% |
KGS 10000 |
KGS 100000 |
|
SWIFT message |
KGS 5 000 |
|
|
|
Verification of the authenticity of a guarantee issued by another bank |
KGS 10000 |
|
|
|
Advising of a guarantee |
0.1% |
KGS 10000 |
KGS 50000 |
|
Advising of amendments or messages related to a guarantee |
KGS 10000 |
|
|
|
Sending client’s demand for payment to the party issued the guarantee |
KGS 10000 |
|
|
|
Cancellation fee |
N/A |
|
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