Bank guarantees

Credit title Bank guarantees, bills of credit and factoring operations provision at the expense of own means
Credit amount By convention
Credit aim For the participation in tender (competitive) auctions and payment against the invoice of deliverer versus documents of title presentation
credit period up to 90 days
Interest rate Commission for bill of credit opening – 0.2 – 0.5% of sum, while factoring operations discount sum makes not more than 20%
Requirements to pledge Satisfaction of bank requirements subject to acting legislation
Other The main condition of factoring provision is the absence of payer’s (client’s) delayed payable bill