Guarantee

Product name

Guarantee

Target

Ensuring the proper performance of the obligation (main obligation) of the principal to the beneficiary

Types

Tender guarantee – ensuring participation in construction tenders or other selection processes and the assumption of contractual obligations;

Customs guarantee – coverage of debt arising from customs duties, import VAT, excise tax, etc.

Guarantee of fulfillment of obligations - ensuring the correct fulfillment of obligations under the contract;

Guaranteed refund of prepaid (single) payments - ensure that the supplier returns the advance payment in the event of failure to fulfill obligations under the contract;

Payment guarantee – ensuring the fulfillment of the principal’s payment obligations under a commercial agreement;

Counter-guarantee is the obligation of a bank (counter-guarantor) to the guarantor (issuing bank) to cover the amount of the guarantee provided by this guarantor.

Counter-guarantees issued by banks in favor of Ipoteka-Bank ATIB are accepted as security for ensuring the benefit of their counterparties in the interests of clients.

Client

Corporate clients

Currency

National/foreign currency

Maximum guarantee amount

Tender guarantee – no more than 5% of the principal amount of the tender (project/contract), exceptions may apply;

Customs guarantee – no more than 25% of the value of imported goods.

Guarantee of fulfillment of obligations - no more than 20% of the principal amount of the contract, exceptions may apply;

Guaranteed refund of prepaid (single) payments - based on the terms of the main agreement;

Payment guarantee – based on the terms of the main agreement;

Counter guarantee – based on the terms of the main agreement.

The client’s total liabilities (loans, guarantees, letters of credit, etc.) cannot exceed 25% of the bank’s Tier 1 capital or a certain limit for each client/group of clients.

Bid

Determined individually in accordance with the bank’s internal rules.

Procedure for payment of commission

One-time commission;

Once a quarter;

Monthly payment at an annual rate

With a life guarantee

Tender guarantee – up to 12 months, in exceptional cases up to 24 months;

Customs guarantee, guarantee of return of advance payment (losses) - 12 months, in exceptional cases up to 24 months;

Guarantee of fulfillment of obligations, Guarantee of payment – up to 1 month after the expiration of the contract, but not more than 5 years in total;

Counter-guarantee – based on the transaction;

Security

According to the bank's internal regulations.

Other payments

On an individual basis, in accordance with legislation and internal rules.