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Guarantee – written obligation of the bank to pay the creditor (beneficiary) a guaranteed amount, in case of receipt of a written request, which indicates the debtor’s (principal’s) failure to fulfill its obligations provided for by the guarantee terms.
Stand-by Letters of Credit is inherently a bank guarantee with a more protected list of mechanisms that regulate and confirm the authenticity and legitimacy of the requirement.
Raiffeisen Bank Aval cooperates with the European Bank for Reconstruction and Development, the International Finance Corporation and has support in international trade finance operations of Raiffeisen Bank International AG
Safely – the guarantor of payment is a reliable Bank
Enforcement of obligations
Benefits of participation in the tender
Much cheaper tool than traditional lending and factoring
Ability to guarantee performance of contractual obligations without prepayment/advance payment
Deferment of payment provides an opportunity to obtain from the counteragents a commodity loan (delay of payment), which is provided by a bank guarantee
Reduction of transaction risks - providing Raiffeisen Bank Aval with monetary compensation for non-fulfillment of obligations under the contract/contract specified in the guarantee conditions.
Reimbursement of payment in accordance with the written request only for actually delivered goods/services rendered
Attention!!!
Practice shows that the choice of the form of settlement and the financing scheme of a transaction is the most optimal only when the client contacts the manager of Raiffeisen Bank Aval before signing the contract!!!
