Guarantee repayment of the loan - a guarantee which is issued on behalf of the borrower's bank lender and the borrower provides the performance of its obligations under the loan agreement.
The purpose of the guarantee: the amount of guarantee ensures the return of principal, interest payments, penalties on the loan, provided by the creditor bank.
The main conditions:
Deadline: usually up to 1.5 years;
sum: in the amount of liabilities to repay the client of the principal amount, interest payments and penalties on the loan, provided by the creditor bank;
Currency: U.S. dollar, the euro;
security: security is required, covering the amount of the guarantee. If necessary guarantees are made the main holding companies - asset owners and beneficiaries of revenue.
taken from http://voronezh.psbank.ru
