If under the conditions of your contract (agreement) you are obliged to provide a bank guarantee, our Bank’s experts will help you drafting a text of a guarantee and corresponding terms of a contract (agreement) in the best way. This will protect your interests and reconcile them with your partner’s (beneficiary) preferences before the contract is signed.
JSC IIB offers the following types of guarantees:
Guarantee of payment
Is issued upon the request of a buyer in favour of a seller (supplier of goods or services) and ensures the buyer’s execution of his liabilities of payment for the delivered goods (services) in accordance with the contract (agreement) concluded between the seller and the buyer.
Guarantee of loan repayment
Is issued to a creditor at a borrower’s request and ensures the borrower’s execution of his liabilities to the creditor regarding the debt repayment and/or interest payment on the loan in the agreed term.