Tender guarantee
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.
Key benefits
Terms
| Period of guarantee | is determined by the requirements / conditions of the tender documentation |
| Currency | hryvnia |
| Maximum amount | the equivalent of 500,000 EUR |
| Collateral for legal entities | security deposit |
| Collateral for sole proprietorships | Collateral for sole proprietorships funds in coverage account |
| Pay your attention | Pursuant to the requirements of article 671 of the Law of Ukraine On Banks and Banking (hereinafter – Law on Banks), Raiffeisen Bank JSC (hereinafter – Bank) shall submit to the credit register of the National Bank of Ukraine (hereinafter – Credit Register) the information on its credit operations involving the client-debtor, as indicated in part one of article 49 of the Law on Banks, if the amount of debt (principal debt and interests) under such credit operations is equal or exceeds 100 minimum salaries (or a foreign currency equivalent of this amount). The Bank shall submit to the Credit Register the information, the content and scope of which is stipulated by part 3 of article 671 of the Law on Banks, according to the procedure determined by the National Bank of Ukraine
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