Collaterals

Programme for Issuing Bank Guarantees at the Request of Exporters 1. Beneficiaries of Bank Guarantees Legal entities abroad inviting international tenders and/or intending to enter (or having already entered) into a contract on the purchase of goods, works or services. If a bank guarantee (hereinafter: bank guarantee) is issued in co-operation...
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Issuance of performance-related bank guarantees to domestic entrepreneurs for the purpose of participating in tenders and entering contracts for the supply of goods, works and services in the domestic market.
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A Documentary Letter of Credit is a bank’s international payment instrument by means of which a certain amount of money is made available to a Beneficiary (Seller) by an Applicant (Buyer) through a Bank that becomes payable after certain terms have been met. Documentary Letter of Credit: Applicant (Buyer) - goods/services at disposal as...
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