Framework guarantee line

Product name

Framework guarantee line

Target

Issuance of one or more guarantees within the framework of a guarantee line

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;

The counter-guarantee is based on the terms of the main contract.

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

Term​

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

Customs guarantee, refund of prepaid (deposit) duties - 12 months, in exceptional cases up to 24 months;

Performance guarantee, Payment guarantee – up to 1 month after the expiration of the contract , but not more than 5 years in total;

Counter guarantee – based on the transaction.

Period of use of guarantees

The framework guarantee line can be set for a period of up to 12 months. Within this framework, the Customer can use one or more types of guarantees up to the maximum amount of this framework guarantee line.

The term of such guarantees may exceed the term of the framework guarantee line.

Security

the bank's internal regulations

Other fees

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