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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 |