UNCOVERED BANK GUARANTEE / STAND-BY LETTER OF CREDIT

Purpose:

  • Securing principal’s obligations

Term:

 
Guarantee amount
up to 20 000 000 RUB (or equivalent in AZN)
Guarantee currency
RUB, AZN
Guarantee duration
up to 36 months
Security
entrepreneur’s bank (guarantee currency matches deposit currency)
Real estate (commercial and dwelling in Baku and Sumgait, Khirdalan and Absheron peninsula);
Deposit security:
not less than 100% of the guarantee amount

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