Documentary Оperations

Rabitabank offers clients the financing of trade operations through credit lines opened by foreign banks. Thus, the use of external sources of financing makes it possible to offer customers more attractive banking services, which contributes to a more successful and efficient business. Bank guarantee - an obligation of the bank to pay a certain amount to the counterparty with whom you are doing joint activities if he submits a written request to the bank. A bank guarantee ensures the proper fulfillment by the buyer of his obligations to the seller. A bank guarantee is issued on the basis of a letter of the same name.

Rabitabank offers various types of guarantees:

• payment guarantee
• performance guarantee
• money back guarantee
• contract performance guarantee
• tender guarantee
• other types of guarantees

The Bank provides the following guarantee services:

• Opening, confirmation and notification of guarantees
• Provision of consulting services when working with guarantees
• Confirmation of guarantees by reputable correspondent banks
• Opening guarantees at the expense of clients' own funds

Tariff table for guarantees:

Download link: Warranty tariff. PDF

1. Guarantees

*Note :

• When an intermediary bank (confirming bank) acts as a guarantor for internal guarantees, the interest rate of this bank is charged additionally. (50 thousand manats)
• If the intermediary bank (confirming bank) requires a cash deposit as security, an additional 1% will be charged from the client to the annual interest rate set by him.
• If another free currency is used as collateral, an additional 1% per annum is added to the guarantee interest rate.

*Note:

• When an intermediary bank (confirming bank) acts as a guarantor for guarantees issued in foreign currency, an additional interest rate applied by this bank (min. 100 dollars) is charged.
• If the intermediary bank (confirming bank) requires a cash deposit as collateral, it is collected from the client by applying an additional 1% to the annual interest rate set by him.

2 .Other Warranty Services

*Note:

• When carrying out these transactions in other currencies, the rate of payment for the service is charged taking into account the equivalent of US dollars.
• In the case of domestic or foreign guarantees, if there is an intermediary or confirming bank, the commission approved by this bank will be charged additionally.