Bank guarantee

From time to time your company may happen to be obliged to ensure the accomplishment of a particular service toward its partners by bank guarantee. UniCredit is at your disposal in these cases as well! Based on a single or facility agreement UniCredit undertakes to fulfil payment instead of your company in favour of the beneficiary of the bank guarantee in case of fulfilment of predefined conditions.

Why is a bank guarantee or standby guarantee advantageous to your company?

A bank guarantee provided by an internationally recognized bank group can positively affect your partners’ the assessment of your company.
New business opportunities could open up for your company.
It could be a cash saving instrument in case your business partners accept bank guarantee instead of deposing cash collateral to a particular transaction.
It is available in HUF and FX, it can be issued in Hungarian, English and German as well.
Its type and term could be adjusted to your company’s need.
Guarantee wordings developed by the UniCredit that meet international standards are available and could be adjusted in line with your and your partners’ need.

Main parameters of the bank guarantee and standby guarantee

Amount: to be defined by arrangement
Currency: HUF, EUR, USD, CHF or other FX by arrangement
Term: within or over one year
Utilization: the Bank provides a bank guarantee according to the Client’s order in favour of the beneficiary named therein in case it is not mentioned in the list of sanctions
Repayment: repayment obligation arises if the bank guarantee is drawn down by the beneficiary, in which case it becomes due immediately
Guarantee fee: applicable fee and the frequency of payment are defined according to the bank’s at all times effective list of conditions or by arrangement
Other fees, charges: defined according to the bank’s at all times effective list of conditions or by arrangement
Collaterals: usual collaterals accepted by the Bank

Main types of guarantees

Payment guarantee
Advance payment guarantee
Tender guarantee
Performance guarantee
Money retention guarantee
Warranty guarantee
Good performance guarantee
Customs guarantee
Excise guarantee

If you have any questions, please feel free to ask your contact person at the bank, or our colleagues at one of our many bank branches.

This information should not be considered an offer. The Bank reserves the right to change conditions. UniCredit Bank reserves the right to decide individually on guarantee issuance and on the amount and conditions thereof, based on the guarantee application and documents submitted.