Guarantee is the written deal of guarantee or long-term collateral acceptance, under which the bank undertakes the liability to bearer's or other entity's creditor in case if the debtor does not fulfill the whole or a part of obligation. Bank guarantee is the secure way to ensure the requirements.
Payment guarantee ensures to the seller/service supplier the payment for the goods, work performed or services rendered. The amount of the guarantee is the price of the contract or its part.
The guarantee of the sub-payment ensures to the beneficiary the return of money paid in advance, in case if the seller/service supplier fails to fulfill the obligations on time. Usually the guarantee amount is equal to the amount of the sub-payment.
Credit repayment guarantee secures the creditor from the risk, which may appear if the borrower fails to repay the credit and interest on time. If the international customer holds the account within one of UniCrdit Group bank, he may provide the instruction to the latter to issue the guarantee to the other bank of UniCredit Group, securing the credit, provided by this bank to the subsidiary of such international customer. In this case no additional credit guarantees are requested.
Agreement performance guarantee secures the purchaser/customer from the risk, which may appear if the seller/service supplier fails to supply goods or to render the services, or to fulfill other provisions of the contract on time. The amount of such guarantee is usually from 5% to 10% from the contract price.
Tender guarantee secures the contest announcer from the risk, which may appear if the contestant recalls the tender before the term or the winner refuses to conclude the contract. The amount of such guarantee is usually from 3% to 5% from the contract price.
Please refer to our Settlements Department to get more information related.
LIETUVIŲ
UNICREDIT GROUP
