Bank guarantee

 

The  bank guarantee is an additional contractual obligation that supports a contract. By issuing a bank guarantee the Bank irrevocably undertakes to pay instead of its client in favour of a third party specified by the client in case of the fulfilment of the guarantee conditions, within a given time and until a given limit amount. UniCredit Bank issues bank guarantees by order of its clients and grants the registration and authentication service of received guarantees to the benefit of its clients.

 

 

Why is it advantageous?

• It is a cashless device.
• It is available in HUF and in foreign currency.

 

To whom do we recommend?

• Who would like to take part in tenders.
• Who must provide collateral in connection to its activity.
• Who wants to increase the confidence of their business partners.

 

If you are the applicant of the bank guarantee:

Our bank undertakes the issuance of every type of international and domestic bank guarantees as well offering opinion of the wording of the guarantee and the preparation of the wording of unique bank guarantees.

If  you are the beneficiary of the guarantee:

Our Bank offers the verification, the registration, and if needed the opinion of the incoming bank guarantees issued in favour of your company.

 

The most frequent bank guarantee types:

• Tender/bid bond guarantee
• Advance payment guarantee
• Performance bond
• Warranty guarantee
  
• Payment guarantee
• Customs guarantee
• Credit cover guarantee

 

If you are interested in our products, please feel free to ask your contact person at the bank, or contact the Trade Finance Department of our bank on  tradeservices@unicreditgroup.hu email address or  on the +36 1 301 1404 phone number. Further information about our bank and products is available on our website www.unicreditbank.hu.

 

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