- for Business
- Bank guarantee
Bank guarantee
Effective and reliable way to ensure fulfillment of obligations
A bank guarantee provides the following features:
- Participate in the supply of goods (provision of services) for state and municipal customers
- Obtain a commodity credit from the counterparty, as the bank guarantee will become a security for this obligation
- Receive a deferral of payment of the sum of money in accordance with the contract for the delivery of goods (provision of services) for the period of issuance of the bank guarantee.
- The bank guarantee distributes between the customer and the contractor all possible risks
- The bank guarantee protects the customer of the risks associated with periodic and advance payments
- The existence of a bank guarantee indicates the contractor's ability to fulfill the obligations stipulated in the main contract
- The cost of a bank guarantee is lower than the cost of loan products.
Currency: KGS
Minimum guarantee amount:
Secured by cash/deposit – 5,000 KGS.
Secured by real estate/real estate property – 5,000 KGS.
Term: depends on the term of the obligation secured by the guarantee.
Security: cash/deposit or real property/real estate.
