Payment guarantee
Minimising financial risks in the supply chain
About the guarantee
A payment guarantee ensures that the bank secures the buyer’s payment obligations to the supplier, confirming their ability to pay under the contract.
Benefits of use
Ensuring timely payments
Reducing financial risks
Building trust between parties
Ensuring business stability
Guarantee terms
Currency | UAH, USD, EUR |
Provision of covered guarantee | 1% per annum + 0.2% of the amount (min. UAH 1,000 / EUR 100) |
Provision of uncovered guarantee | 3.5% per annum + 0.2% of the amount (min. UAH 1,000 / EUR 100) |
Making agreed amendments to terms (amount increase) | 0.2% of the increase amount (min. UAH 500 / EUR 50) |
Advising / execution of guarantee claim payment operations | UAH 850 |
Other agreed amendments to terms | UAH 1,000 |
Apply for a guarantee
1
Contract signing
2
Guarantee agreement
3
Issuing a payment guarantee
4
Delivery of goods
5
Non-payment for goods
6
Demand for payment under the guarantee
7
Verification of the demand and payment under the guarantee