There is a wide variety of types of bank guarantees.

Which type of guarantee is appropriate for a particular case to best protect your interests?

You can talk to us to choose the right solution for you.

UBB offers to its clients bank guarantees securing the obligations of its clients to local commercial companies and institutions (including banks) and to foreign parties and institutions (including banks):

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  Payment guarantee

  This ensures payment for the benefit of the beneficiary in case of non-compliance with the negotiated terms of the trade transaction.

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  A guarantee for repayment of advance payments (advance payment guarantee)

  It ensures a refund of an advance payment in case of non-fulfilment of the obligations under the main contract.

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  Guarantee for participation in tenders

  It provides security in case of withdrawal of the offer after winning the tender and non-conclusion of the awarded contract.

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  Performance guarantee

  It secures the performance of the contractual terms under the trade transaction.

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  Others, depending on the specific needs of each client

  For warranty obligations, customs obligations, for issue of TIR carnets, etc.

Advantages for the beneficiary

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  Existence of an irrevocable commitment of the Bank to make a payment

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  Each stage of a trade deal can be secured

  A guarantee for a tender, advance payment, good performance, payment, warranty obligations, etc.

Advantages for the ordering party

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  Form to secure the obligations to business partners. The ordering party does not deposit personal money with his partner.

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  Possibility to achieve better trading conditions (for example: possibility to negotiate a deferred payment).