Performance guarantee
Protecting your interests at every stage
About the guarantee
A performance guarantee ensures that the bank secures proper fulfilment of the contract by the contractor, including the completion of work or delivery of goods.
Benefits of use
Ensuring contract fulfilment
Financial security for the client
Enhancing trust and the bidder’s reputation
Ensuring stability and minimising business risks
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 |
Performance guarantee
1
Contract signing
2
Application for a guarantee (agreement)
3
Issuance of the guarantee
4
Non-fulfilment / breach of contractual obligations
5
Demand for payment under the guarantee
6
Verification of the demand and payment under the guarantee