Bank guarantee for tender
Guarantee from Raiffeisen Bank - written obligation of the bank to pay the lender (the beneficiary) the guaranteed amount in case of receipt of a written claim that the debtor fails to fulfill his obligations.
Advantages of Guarantees at Raiffeisen
Tender guarantee On-Line
A guarantee under which the bank agrees to pay money to the tender organizer if the client (ordering a tender guarantee) fails to fulfill requirements of tender.
- Period of guarantee: up to 150 days
- Currency: the hryvnia (UAH)
- The maximum amount: UAH 150 000
Payment guarantee for tour operators and travel agencies
A bank guarantee covers compensation of damages suffered by tourists as a result of the travel agency’s or tour operator’s insolvency, liquidation or bankruptcy.
- Period of guarantee: up to 63 months + 14 days*
- Currency: hryvnia
Contract performance guarantee
This service provides coverage for the risk of default by supplier of the obligations’commitments under the agreement.
- Period of guarantee: to be stipulated in contract
- Currency: hryvnia, US dollar, euro
Payment guarantee
Securing fulfillment of buyer’s payment obligations to seller under contractEnsures the fulfilment of the payment liabilities’commitments of buyer to seller under the contract.
- Period of guarantee: to be stipulated in contract
- Currency: hryvnia, US dollar, euro
Tender guarantee
Ensures the tender organizer's confidence in the fulfillment of all conditions by its participants. If a participant fails to meet the tender conditions, the bank commits to compensate the organizer. For legal entities, the security is a deposit, while for sole proprietors, it is funds in the coverage account.
- Period of guarantee: up to 150 days
- Currency: the hryvnia
- The maximum amount: equivalent to 500,000 euros
Conditions for Obtaining a Guarantee
To issue a bank guarantee, you need to:
Tariffs
| Type of Service | Tariff in USD | Tariff in UAH |
|---|---|---|
| Guarantee Fee | ||
| Under cash collateral | 2% per annum (min 100 USD) | 1000 UAH |
| Under deposit collateral | 3% per annum (min 100 USD) | 3% per annum (min 1000 UAH) |
| Under real estate collateral | 4% per annum (min 100 USD) | 4% per annum (min 1000 UAH) |
| Without collateral | 2% per annum (min 150 USD) | 1% per annum (min 800 UAH) |
Additional Services:
| Service | Tariff in USD | Tariff in UAH |
|---|---|---|
| Provision of duplicate | 100 USD | 500 UAH |
| Change of conditions | 50 USD | 250 UAH |
| Advising | 30-50 USD | 150-250 UAH |
| Cancellation | 30-50 USD | 150-250 UAH |
*All tariffs are quoted without VAT.
Frequently Asked Questions
We provide unsecured guarantees to reliable clients with a good credit history. Decisions are made based on your company's financial indicators and history of cooperation with the Bank.
A letter of credit is a bank's obligation to pay for goods/services upon presentation of documents. A guarantee protects against non-fulfillment of obligations and does not require documentary confirmation of delivery. Payment with a guarantee is made only in case of breach of contract terms.
The duration of the guarantee is determined by the contract terms: from a few days to several years. Most often, guarantees are issued for a period from 3 months to 1 year, but longer periods are possible if needed.
It is a guarantee of the return of an advance if the supplier fails to fulfill their obligations. It protects the buyer from losing the prepayment and usually covers the amount of the advance.
Submit an application through the ProZorro system. For tender guarantees up to 150,000 UAH, we have a simplified procedure: you only need to be a client of the bank for 6 months and have FOP status. Sign the documents with an electronic signature and receive the guarantee electronically.
It is a guarantee that ensures the fulfillment of obligations in commercial agreements between companies. It typically covers payment for goods, performance of work, or provision of services according to the contract.
It is a guarantee that the bank cannot revoke or change without the consent of the beneficiary. Such an agreement provides maximum protection for the beneficiary, as it remains in effect until the full fulfillment of obligations or expiration of the term.