Advance payment guarantee
Advance payment protected
About the guarantee
An advance payment guarantee ensures that the bank secures the return of the advance to the client if the seller fails to fulfil their contractual obligations.
Benefits of use
Protection against financial loss
Ensuring contract compliance
Improving cooperation and trust
Flexibility in financial management
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 |
Advance payment guarantee
1
Contract signing
2
Application for a guarantee
3
Issuing an advance payment guarantee
4
Advance payment
5
Non-fulfilment of contractual obligations and non-return of the advance
6
Demand for payment under the guarantee
7
Verification of the demand and payment under the guarantee