Bank Guarantee
Bank Guarantee – a financial instrument that allows you to meet the requirements of a counterparty or government without tying up your own working capital. The bank undertakes to pay the guaranteed amount if you fail to fulfill the terms of the contract.
In other words, you can continue running and growing your business while the bank vouches for your reliability.
Why Do You Need a Bank Guarantee?
Bank guarantees are used in a wide range of situations:
Participation in government and commercial procurement
Securing contract performance
Guaranteeing advance payment refunds
Guaranteeing payment or fulfillment of obligations
Working with large clients
In many cases, a bank guarantee is a mandatory requirement for signing a contract or being allowed to participate in a tender.
Types of Bank Guarantees We Provide
Tender Participation Guarantee
Contract Performance Guarantee
Advance Payment Refund Guarantee
Payment Guarantee
Commercial Bank Guarantees
We work with guarantees under Russian laws 44-FZ, 223-FZ, 615-FZ, as well as international commercial contracts.
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