Guarantees

Guarantee is the security instrument, by which the issuing bank undertakes, on behalf of his client, an irrevocable obligation to pay, at the request of a guarantee beneficiary, a determined amount as compensation for default in payment or performance by his client on whose behalf it acts.

Credy Banka, at the request of its customers, in accordance with international regulations issues:

Nostro guarantees

• performance guarantees
• advance payment returns guarantees
• guarantees for participation on bids
• guarantees for release of guarantee deposits

Loro guarantees

• advising in accordance with the instructions of the guarantor bank
• validation of regularity of conditions
• consultations for the development of protests if necessary