Bank Guarantee
Bank guarantee is a document or guarantee issued by the bank which you give to suppliers, clients or consumers to certify that the bank will pay the amount specified in the document if you fail to meet your obligations on time
| BANK GUARANTEE | ||||
|---|---|---|---|---|
| Local | ||||
| Guarantee Issuance/Change | USD 30 or equivalent in the currency of the guarantee | |||
| Commission fee | Non cash covered - 4.8% p.a. Cash covered - 3.6% p.a. | |||
| Payment on request under Guarantee | GEL 50 | |||
| International | ||||
| Guarantee Advice | EUR150 | |||
| Guarantee issuance | 0.15%, min EUR 150 | |||
| Without confirmation | Non cash covered - 3% p.a | |||
| Cash Covered - 2.5% p.a. | ||||
| Confirmation | Non cash covered - 4.8% p.a. min. EUR 120 p.m. | |||
| Cash covered - 4% p.a. min. EUR 120 p.m. | ||||
| Amendment of the Guarantee | EUR 100 p. amendment | |||
| Payment on request under Guarantee | 0.2% min. EUR 150 | |||
| Other (additional charges) | According to expenses | |||
| Cancellation | EUR 100 | |||