A guarantee from Raiffeisen Bank Aval is a written commitment of our bank to pay a guaranteed amount to a creditor (beneficiary), if we receive a written demand proving the debtor’s (principal’s) default on its obligations guaranteed by out bank.
A bank guarantee covers compensation of damages suffered by tourists as a result of the travel agency’s or tour operator’s insolvency, liquidation or bankruptcy.
This service provides coverage for the risk of default by supplier of the obligations’commitments under the agreement.
Securing fulfillment of buyer’s payment obligations to seller under contractEnsures the fulfilment of the payment liabilities’commitments of buyer to seller under the contract.
A guarantee under which the bank agrees to pay money to the tender organizer if the client (ordering a tender guarantee) fails to fulfill requirements of tender.