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Home   >   Small and Medium Enterprises   >   Documentary operations   >   Bank guarantees   >   Other types of guarantees

Other types of guarantees

Payment guarantee secures buyer’s payment obligations toward seller under the contract.

Performance guarantee secures the performance of the seller’s contractual obligations to deliver the goods / provide services/execute works.

Advance payment guarantee secures the fulfillment of the sellers’ obligations toward the byers to return advance payment in the event the failure to meet their obligations under the contract (agreement).

The main terms of the guarantee issue of Piraues Bank:

  • Currency of guarantee and cash cover/deposit: UAH, USD, Euro. Currency of cash cover/deposit must match with the currency guarantees.
  • Amount and term of guarantee: limited by the contractual obligations that are secured by the issued guarantee.
  • Security: property rights under the deposit placed in Piraeus Bank; cash cover on Piraeus Bank account; another collateral on an individual decision.

Tariff of the commission remuneration:

Issuance commission for guarantee operation 1,0% of the amount of guarantee operation, min 2000 UAH, max 10000 UAH Flat fee tis o be paid before guarantee issuance for the whole validity period of guarantee operation. Management fee is to be paid additionally for guarantee operations which are not secured by cash cover placed on cover account 2602. Tariff is also applied for establishing the Limit for guarantee operations
Management fee for guarantee operation secured by property rights on deposit 2% of the amount of guarantee operation, min. 150 UAH for the full month or part of the month Fee to be paid monthly or on quarterly basis
Management fee for guarantee operation with non-cash security due to the agreement between the parties, but not less than 3% per annum of the amount of guarantee operation (min 500 UAH for the full month or part of the month) Fee is paid on monthly basis
You can order a call and our specialist will contact you at a convenient time for you
0 800 30 888 0
(calls from fixed line phones within Ukraine are free).
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According to business weekly newspaper “Business”, in 2016 Piraeus Bank entered the TOP-3 banks in nomination “New format” after two of the largest Ukrainian banks; TOP-10 in nomination “The best product for agribusiness”; TOP-10 “The best loan product”
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