Guarantee of payment – ensures the fulfillment of payment obligations of buyers to sellers under the contract.
Guarantee of fulfillment – ensures the fulfillment of contractual obligations of sellers to buyers for the supply of goods/provision of services/performance of works.
Advance payment guarantee – ensures the fulfillment of sellers’ obligations to buyers to return the advance payment in case of non-fulfillment of their obligations under the contract (agreement).
UAH, USD, Euro
In accordance with the terms of tender documents or terms of agreement with counterparty
In accordance with the terms of tender documents or the agreement with counterparty, but not more than 12 months from the date of entering into force or extension of the validity.
Cash in the account at Piraeus Bank, property rights to the deposit with Piraeus Bank, other (non-monetary) collateral (movable/immovable property), acceptable to the Bank
Opportunity to obtain a bank guarantee provided by a foreign investment grade bank in the framework of participation in the EBRD Trade Facilitation Programme.
to the Bank and sign the Application for Guarantee
or sign an Additional Agreement to the current deposit agreement, or conclude a Guarantee Agreement, or deposit funds to the coverage account (depending on the selected collateral under the guarantee)
Bank’s Head Office Trade Finance Department: