Guaranteed support of your bank
Bank guarantee is a tool of proper and timely fulfillment of contractual obligations in relations with your counterparties which represent written bank’s obligation to pay the beneficiary (your counterparty) in case of non-fulfilment of your obligations as per the contact terms and receipt of payment demand by the bank.
CREDIT AGRICOLE proposes the following types of guarantees to the clients:
CREDIT AGRICOLE also provides stand-by letter of credit – which, same like guarantee, secures the obligation to pay or fulfill other contractual obligations, however it is used when the legislation of the seller’s country prohibits using of guarantee or such seller requires stand-by letter of credit as a form of settlements.
|For buyer||For seller|
|Conditions of guarantee / stand-by letter of credit issuing (hereinafter - guarantee)|
|Amount and validity||as per contract/tender documentation conditions|
|Requirements for collateral ||cash cover, property rights for deposit||real estate, equipment, vehicles, other assets and their combination|
|Insurance of pledged property||-||at any insurance company approved by the bank on client’s choice|
|Issuing guarantee cost  |
|Other bank’s commissions under issued guarantee  ||1) commission for guarantee amendment: 50 USD /each amendment (except of amendment in part of guarantee amount increasing or guarantee prolongation)|
2) commission for guarantee cancellation (one-time): 50 USD 
3) commission for taken-up demand under guarantee and/or payment: 0,2% from the amount of demand/documents, min 100 USD / each demand under guarantee
4) commission for issuing guarantee in SWIFT-message form (one-time): 25 USD 
|Other possible costs ||1) payment for the services of third parties (insurance company, notary, property appraiser, etc.) - according to the tariffs of such third parties chosen by the client for receiving the relevant services|
2)third bank’s commissions (advising bank, confirming bank, correspondent bank etc.) – in case of occurrence should be paid according to the tariffs of such banks.
 issuing guarantee cost/other bank’s commissions could be set individually as per arrangement with a client
 сommission indicated in foreign currency to be paid as per official NBU rate indicated on the date of its payment
Package of documents and type of application form for banking guarantee depend on structure of the operations and collateral.
You can obtain detailed information by contacting your personal manager or by visiting our branch in your city/town.