The purpose of a bank guaranteeThe bank guarantee is a type of support from the winner of the auction / tender. Any bilateral agreement, both parties to a certain risk, since the refusal to fulfill their obligations either party may make a financial loss, on the other side. Today, however, these risks can be avoided by using different types of bank guarantees. The method is sufficiently broad to ensure the following: deposits, securities, buildings, apartments, equipment, vehicles and goods for use, warranties and other organizations and individuals of other organizations, credit guarantees. If a client is permanent, and its financial position and credit history - just may be issued a bank guarantee without collateral. As a rule, in which case the contract is the direct debiting of funds to be used for repayment of payments under a contract of guarantee. Several different types of bank guarantees, among which the most frequently used to ensure the proper execution of the contract, and guarantee the return of advance payments or guarantees of customs and tender, the tax is the most traditional of the warranty period, which is available for individual transactions or obligations and conditions, it is always associated with an indication of the date and amount of this contract. In such cases, banks are usually set lower, but not the upper limit of the amount required for such obligations.
