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
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Description
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Commission
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Min
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Max
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Issue against cash collateral / deposit
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for bidding:
0.6% per a quarter
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KGS 5000
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|
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for others:
0.6% per a quarter
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KGS 10000
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|
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Issue of a guarantee against other collateral
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for bidding:
4% per annum
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KGS 10000
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|
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Other types:
Issue - 0.5%
plus
rate up to 1.5% per a quarter
|
KGS 10000
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|
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Amendments to a guarantee
|
KGS 10 000
In case of increase of the amount or term:
0.1%
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KGS 10000
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KGS 100000
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SWIFT message
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KGS 5 000
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|
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Verification of the authenticity of a guarantee issued by another bank
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KGS 10000
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|
|
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Advising of a guarantee
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0.1%
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KGS 10000
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KGS 50000
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Advising of amendments or messages related to a guarantee
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KGS 10000
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|
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Sending client’s demand for payment to the party
issued the guarantee
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KGS 10000
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|
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Cancellation fee
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N/A
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