If you sell goods, render a service, participate in a tender, perform works, buy upon advance payment, design, install new equipment – in one word, if you are in business, we recommend you to secure your operations under guarantees.
Guarantee is a security instrument under which the issuing bank undertakes, at the client's order, an irrevocable liability to pay on demand the agreed amount to the guarantee beneficiary as reimbursement for any non-payment or non-performance by its client in favor of which the bank is acting.
There are various types of guarantees, such as:
- Customs guarantee
- Advance payment guarantee
- Bid bond
- Payment guarantee
- Loan repayment guarantee
- Retention bond
- Warranty bond
- Letter of Indemnity
|Max amount in accordance with client's creditworthiness|
|Tenor: ||Up to 60 months|
|Processing fee: ||Level of fee is determined for each respective client, depending on loan applicant's financial performance, collateral, and previous cooperation with the bank. Minimum RSD 8.000|
|Issuing fee (quarterly):||Level of fee is determined for each respective client, depending on loan applicant's financial performance, collateral, and previous cooperation with the bank.|
In case the guarantee is covered with 100% deposit, the fee for processing of request is RSD 3.000 fixed, irrespective of the amount, while the quarterly issuing fee is minimum 0,6% p.a., max 1,6%, but not less than RSD 1.250.
|Amount ||EUR 1.000- 100.000|
|Issuing fee (quarterly) ||0,80%-1%|
In case the guarantee is covered with 100% deposit, the fee for issuing is 0,40% on quarterly basis from the guarantee amount and fixed amount of CSD 3.000 for processing of request