As known, a bank guarantee is a popular tool for performing payment and contractual obligations. A bank guarantee is one of the ways to ensure the fulfillment of obligations, in which the bank (other lending institution, or other commercial organization) (guarantor) issues at the request of the debtor (principal) a written obligation to pay the creditor (beneficiary) a sum of money when the former submits a claim for its payment.
The main types of bank guarantees include:
The main terms of the agreement:
Validity period in accordance with the type of Guarantee received;
Interest rate – by agreement;
One-time management fee – in accordance with the Bank’s tariffs;
Early closure of the guarantee – allowed, fines and commissions for early closure are not charged;
Collateral – real estate, vehicles, deposits, machinery and other liquid assets in accordance with the legislation of the Republic of Abkhazia.
How to obtain a bank guarantee
1. Consultation.
Make an appointment with the Bank’s specialist. During the meeting, the Bank’s specialist will familiarize you with the list of documents required to obtain a Guarantee, advise on their form and content and answer all your questions
2. Collection of documents and registration of an application for obtaining a Guarantee.
Collect the full package of necessary documents. At a meeting, fill out an application (solicitation) together with a Bank’s specialist for a Guarantee and submit a full package of necessary documents. The Bank’s specialist will accept your application (solicitation) for obtaining the Guarantee and the submitted package of documents for consideration in the established order.
3. Consideration of the application and decision-making by the Bank in accordance with the established procedure.
The period from the date of receipt of the application (solicitation) for obtaining a Guarantee with the full package of necessary documents to the date of the Bank’s decision on the application will not exceed 5 business days. Depending on the value of the contract, it can be increased no more than twice. The term for reviewing the application (solicitation) and making a decision depends on the completeness of the set of documents provided by You.
4. Conclusion of a contract and registration of collateral.
If the Bank’s decision is positive, you sign the relevant agreement and register collateral under the Guarantee in accordance with the established procedure.
5. Obtaining a guarantee..
Подробную информацию можно получить по телефону +7(840)229-41-83. The Guarantee is provided in accordance with the terms of the respective agreements, import contract / agreement, and other documents that are the subject of the Bank Guarantee For detailed information please call +7 (840) 229-41-83