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Making various transactions often cause such situations, where the counterpart fails to perform or duly perform its obligations. In such case, a bank guarantee or indemnity, an instrument ensuring performance and providing more guarantees as for the contract execution for each of the parties, can be of great use.
A bank guarantee (indemnity) for a client ensures that the latter will perform certain obligations. Where, after all, the latter violates the terms of an agreement, the guarantor has the right to lay a claim to the bank under the guarantee conditions, which will serve for satisfaction of a guarantee issued by the bank.
The bank offers various guarantees (indemnity): return of an advance payment, payment, contract execution, tender, etc. Each guarantee applies to a specific transaction, therefore, their forms and obligations, which are ensured by those, may vary to a great extent.
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For this service, please contact the Documentary Settlement Department at (8~5) 232 70 77, 232 70 72.
Fees
| Issue of a guarantee/indemnity (hereinafter in the text "a guarantee")*: up to LTL 5 000 |
LTL 200 |
| Issue of a guarantee/indemnity (hereinafter in the text "a guarantee")*: from LTL 5 001 to LTL 15 000 |
LTL 300 |
| Issue of a guarantee/indemnity (hereinafter in the text "a guarantee")*: from LTL 15 001 |
LTL 400 |
| Issue of a one-time guarantee for customs* |
0.5% (min. LTL 50, max. LTL 200) |
| Issue of a tender guarantee*: up to LTL 1 000 |
LTL 150 |
| Issue of a tender guarantee*: from LTL 1 001 |
0.5% (min. LTL 200, max. LTL 1000) |
| Amendment of guarantee conditions |
LTL 100 |
| Notification on the guarantee obtained or amendment of the conditions thereof |
LTL 100 |
| Payment under a guarantee |
0.1% (min. LTL 300) |
| Transfer of an instruction to pay under a guarantee |
LTL 200 |
| Enquiry at the client's request |
LTL 60 |
| Notification of the other bank on the guarantee obtained or any other related information |
0.15% (min. LTL 150, max. LTL 500) |
| Transfer of documents by post (courier service) |
As per post (courier service) fees |
* If the funds are not deposited, extra interest is calculated for the bank's commitment.
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