Bank Guarantees
Bank
guarantees are one of the most popular instruments to ensure proper performance
of obligations due to their reliability and flexibility.
Bank
GPB (JSC) issues a wide range of guarantees compliant with the current Russian
law and international banking practice, such as:
- Performance guarantees;
- Payment guarantees;
- Advance repayment guarantees;
- Customs guarantees;
- Tax guarantees (including those issued under the application-based VAT recovery procedure);
- Bid bonds (tender guarantees);
- Loan guarantees;
- Share payment guarantees;
- Guarantees issued as counter-security in legal action/claims;
- Other types of guarantee obligations.
Gazprombank
also processes guarantees issued by other banks, through advising guarantees
issued by Russian and foreign banks to the beneficiaries; certifies the
authenticity of signatures on guarantees issued by other banks at the request
of a customer and claims payments fr om guarantor banks at the beneficiary’s request.
The
procedure used by the Bank to make a decision on issuing guarantees that have
no cash coverage is similar to the loan application review procedure.
Bank
GPB (JSC) has put in place a simplified procedure to issue bank guarantees
against 100% cash-collateral (coverage) placed in Bank GPB (JSC).
The
Bank can also offer its long-term customers to set up a documentary credit line
(lim it).
Issuance
fees are set on a case by case basis depending on transaction risk assessment
(guarantee type; guarantee term and amount; collateral amount and its
liquidity; etc.).
On all matters concerning bank guarantees (including requests to confirm a bank guarantee issued by Bank GPB (JCS) or its branch office) please call:
+7
(495) 983-17-60,
+7
(495) 913-79-94,
+7
(495) 989-91-75,
+ 7 495 428 50 05Gazprombank Call Center
In
case a written confirmation of a bank guarantee issue is required, please
address your letter of inquiry to Bank GPB (JSC) Head Office or to the relevant
branch office.