Gazprombank handles all transactions involving guarantees, letters of credit and collections, including sophisticated and complex structured transactions, particularly by using letters of credit and collections as trade finance instruments, and offers the following products and services.
In regard to bank guarantees Gazprombank:
- issues a wide range of guarantees, such as:
- Performance guarantees;
- Payment guarantees;
- Advance payment guarantees;
- Customs guarantees;
- Tax guarantees;
- Bid bonds (tender guarantees);
- Loan Guarantees;
- Share payment guarantees;
- Guarantees issued as security in legal actions/claims;
- Other types of guarantee obligations;
- against counter-guarantees of the corresponding banks in the framework of the documentary credit lines (limits) granted to these banks;
- advises guarantees issued by Russian and foreign banks in favor of Russian and foreign beneficiaries;
- claims payments from guarantor banks upon beneficiary’s request;
- certifies the authenticity of a signature on guarantees issued by other banks upon request of a customer;
- provides other services, including preliminary structuring of a guarantee transaction.
In regard to documentary credits (including standbys) Gazprombank:
- advises letters of credit and amendments thereto issued by Russian and foreign banks in favor of Russian and foreign beneficiaries;
- confirms letters of credit issued by the corresponding banks against a cash collateral submitted or in the framework of the documentary credit lines (limits) granted to the issuing banks;
- handles letters of credit;
- reimburses claims in accordance with the reimbursement authorization received from the issuing bank (provided the latter has a correspondent account with Gazprombank);
- issues its irrevocable reimbursement undertakings under letters of credit, issued by the corresponding banks, in the framework of the documentary credit lines (limits) granted to the issuing banks (provided the latter have correspondent accounts with Gazprombank);
- transfers letters of credit and assigns proceeds under letters of credit;
- provides other services, including structuring of a documentary transaction and drafting letter of credit terms.
Gazprombank also provides a full spectrum of services related to documentary collections.
We invite banks to partner with us.