The bank guarantee for big businessIn the big business is often a situation where you need some way to meet their obligations. One of the most effective ways to do this will provide a bank guarantee.
The bank guarantee for big business?
Large companies use a bank guarantee, when they need to reinforce confidence in their commitment of any kind, for example, to perform the contract or tender.
Banks provide a variety of safeguards in accordance with the needs of its customers. Popular is the guarantee of advance payment, which is also given to the buyer for the supplier to provide a refund in the event of an advance delivery terms.
When participating in the tender for the purchase of shares is often required to provide a guarantee to fulfill their investment commitments.
The tender guarantee is issued at the request of the bidder, providing the performance of its obligations, the data side, declaring bidding.
Guarantee in favor of the customs authority shall be issued for obligations of the importer to pay customs duties on goods imported during a certain period of time. The guarantee of re-exportation ensures that the obligations of the party, carrying out duty-free importation of equipment into the country with an obligation to export a certain time (for example, to demonstrate at the show, etc.).
Less common judicial guarantee for the payment of which is provided by the defendant a certain sum by the court.
For large businesses relevant international guarantees that are issued to foreign partners. They can provide a refund of advance payment for export, guarantee of payment for goods shipped during import, the same tender guarantee. And the guarantee of a Russian bank can support the confirmation of the first class European bank.
The bank guarantee can be given once or repeatedly. In this case, set a limit on the total amount of obligations that you can provide, within the agreement. In addition, the agreement has a time limit.
The procedure for the provision of a bank guarantee is no different from processing the loan. Mandatory requirement - to provide collateral. If you find yourself insolvent debtor, the bank offset its losses through the implementation of the pledge.
Pros and cons of a bank guarantee
Due to the bank guarantee can be solved by a series of financial problems in the current activities of big business. However, it is cheaper any other way of financing business.
The disadvantages include a bank guarantee unless the mandatory requirement of collateral.
Some are inclined to believe the lack of the fact that the bank has no way to verify the validity of the requirements for fulfilling the terms of the warranty. Terms of performance of this warranty does not provide. Checks only the mere presence of all the documents required under the terms of the warranty. Checking the authenticity of these documents is beyond the competence of the bank.
Therefore, the use of a bank guarantee there is some risk that unscrupulous contractors or employees of the fiscal authorities can produce unreasonable demand for the implementation of safeguards. Have to compensate the bank spent money, despite the fact that you did not give a reason for this, and then in court to prove that you did not violate its obligations secured by the guarantee.
The bank guarantee for big business: the price of the issue
For providing a bank guarantee fee is paid, which leaves from 0.5% to 7% of the amount of warranty, or 2-7% per annum. In calculating the reward amount will be accounted for warranty coverage, your solvency and liquidity of the mortgage. Serves as the appointment of warranty, the period for which it is granted, the amount of liabilities and the currency in which they are nominated. The lower the Bank will assess the risk of default of your obligations under that issued the warranty, the cheaper it will cost you a guarantee.
The rate of remuneration may include a separate fee for opening and maintenance of a bank guarantee or processing requirements. The minimum size of such a commission is 1% of total liabilities.
taken from http://www.123credit.ru
