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 |
Issuance of the guarantee | 1% or 3% annually |
Confirmation of the guarantee by an international bank | From 1% annually |
Processing and acceptance of a demand for payment under the guarantee | UAH 850 |
Notification of the guarantee | UAH 850 |
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