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Types of Bank guarantees
Payment guarantee
Guarantee, which will ensure fulfillment of payment obligations of the buyer
Guarantee that will ensure fulfillment of the payment obligations of the buyer, according to which the Guarantor Bank undertakes a monetary obligation to the seller to pay the money for the buyer in case of failure to complete the last of his obligations under the Contract in full or in part.
Electronic warranties
The document is provided in electronic form with the imposition of an electronic digital signature (EDS)
The document is provided in electronic form with the imposition of an electronic digital signature (EDS), which is used, for example, to ensure customer participation in ProZorro e-procurement tenders
Guarantee for participation in the tender
Tender guarantee ensures the obligation of the tenderer (supplier) to the tender organizer (customer, beneficiary).
Tender guarantee ensures the obligation of the tenderer (supplier) to the tender organizer (customer, beneficiary).
Its intended purpose is the obligation of the guarantor (bank) to compensate the customer for the amount of lost profit if the applicant violates the terms of the tender and will refuse to enter into a contract for the supply of goods or works.
Guarantee fulfillment of obligations
On the basis of a guarantee of fulfillment of obligations, the bank, on the instructions of the seller, is obliged to pay the specified guaranteed amount to the customer in the event of the contractor’s failure to fulfill or improperly fulfill his obligations under the contract with the customer.
On the basis of a guarantee of fulfillment of obligations, the bank, on the instructions of the seller, is obliged to pay the specified guaranteed amount to the customer in the event of the contractor’s failure to fulfill or improperly fulfill his obligations under the contract with the customer. Thus, the customer is fully protected from the risks of breach of contract by the contractor, which certainly increases the degree of confidence in him and is his added advantage among competitors.
Guarantee for tourism
Tourist guarantee is required both for tour operators and travel agents.
The existence of a bank guarantee is a requirement of the Law of Ukraine "On Tourism" and a mandatory condition for obtaining an All-Ukrainian license for the activities of a tour operator.Tourist guarantee is required both for tour operators and travel agents.
Advance return guarantee
Guarantee, which allows the buyer to return the amount of advance payment
Guarantee, which allows the buyer to return the amount of advance payment in case of non-fulfillment by the seller of obligations under the terms of the contract for the supply of goods/performance of works/services, and the refusal or impossibility of returning the advance payment received.
Counter-guarantee
The counter-guarantee is issued with the consent of the Bank and its client and is used in cases where the Beneficiary needs a guarantee of a particular bank.
The document according to which the Principal Bank instructs another bank to issue a guarantee on behalf of the Principal in favor of its beneficiary.
The counter-guarantee is issued by agreement between the Bank and its client and is used in cases where the Beneficiary needs a specific bank guarantee.
Used for foreign trade in particular.
Useful information
Service information
The service for Issued Guarantees is provided on the terms of the Guarantee Agreement (hereinafter referred to as the Agreement) for the period stipulated therein.
During the effective period of the Agreement the customer may initiate early termination of the Agreement, notifying the Bank respectively in writing within the timeframes stipulated by the Agreement. Early termination of the Agreement at the customer’s initiative is only possible if the customer does not have any outstanding liabilities towards the Bank under the Agreement.
The amendments to the Agreement are made by the parties by signing of an Additional Agreement to the Agreement.
Unilateral repuditation of the Agreement is not allowed.
The Agreement draft is provided to the customer at request.
Customer service procedure for Received Guarantees is included into the Bank Service Rules for Business Entities – Corporate Customers at Raiffeisen Bank Aval JSC.
The service is provided by Raiffeisen Bank Aval JSC, NBU license No. 10 dd. 18.06.2018; EDRPOU code 14305909; the State Register of Banks entry No. 94 dd. 27.03.1992; address: 9, Leskova, Kyiv, 01011; tel: 044 490-88-88; 0 800 505-045; e-mail: [email protected]; the state regulation of the Bank’s activities is carried out by the National Bank of Ukraine (9, Instytutska, Kyiv, 01601; hotline: 0 800 505-240).
Commission rate:
The service cost is set individually for every corporate customer as a result of negotiations and depends on the financing period, customer's financial position and cooperation history, availability, type and value of the collateral and other attributes.
Commissions:
