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UNCOVERED BANK GUARANTEE / STAND-BY LETTER OF CREDIT

Purpose:

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