Bank credit guarantee
Bank
credit guarantee - a guarantee of the bank to make a payment this
amount to the creditor upon presentation of cash requirements in
accordance with the terms of the warranty. Bank guarantee - a way to ensure that contractual obligations, but it does not depend on those commitments. That
is, the Bank does not undertake any obligation to fulfill the terms of
the contract, but provides for the payment of this sum of money to
guarantee the lender in the event they have any claims against the
debtor. Bank guarantee may be used, provided the lender if the borrower fails to fulfill its obligations to the lender.Bank
credit guarantee - one-way deal, necessary (essential) conditions which
are: the period for the period of which it is issued, and the amount of
which is restricted liability of the guarantor. The
main difference from other methods of securing the obligations that the
service is not dependent on the principal obligation, therefore, should
be performed in all cases on demand. If
a bank guarantee to the moment of creditors became aware of the
performance of, or any other termination of the secured obligations, it
notifies both parties, but the law requires him to Russia, in the event
the second demand, anyway fulfill the request of the creditor.There
are several types of bank guarantees: payment, advance, tender,
customs, performance guarantees, warranties and guarantees the refund of
credit. Bank loan guarantee - one of the most common types of guarantees. Credit
is often associated with certain guarantees that are issued by the
recipient of a loan or a third party (for example, the head of the
guarantee of the borrower). A bank guarantee enables the lender to refund the loan.Bank credit guarantee has some advantages and compared with surety. The
fact is that when debt repayment is guaranteed by the credit
institution itself, it allows the lender to not engage in the financial
analysis of the guarantor, that is required for the use of software in
the form of guarantee for the loan. Therefore, this type of software allows you to quickly get a bank decision to grant you credit.Taken from http://mobank.ru
