Banking guarantees

You are IMPORTER and wish…

  • To protect yourself against commercial risks of non-execution or defective execution of the contract by business partner
  • To optimize borrowing
  • to protect against potential loss of payment advance
  • To facilitate the achievement of commercial loans on advantageous terms
  • To facilitate the participation of foreign suppliers in tenders organized by you

You are EXPORTER and wish…

To reduce political, financial commercial risks, related to transaction

  • You can get an advance for delivery that you should make
  • To participate to international tenders without to immobilize financial means
  • To receive funding from Mobiasbanca covered by the guarantee of a foreign bank

Mobiasbanca offers you…

Perfect solution – Banking guarantee

Letter of banking guarantee is a guarantee tool instrument issued by bank, at the order of its client, in the form of an irrevocable and unconditional commitment to pay a sum of money to the request of guarantee’s beneficiary 
 

Main types of guarantees

  • Letter of banking guarantee of good payment (Payment guarantee) is granted at the request of the buyer and ensure to seller the payment of supplies of goods or services. Bank is committed to pay irrevocably according to the conditions, the guaranteed amount if the buyer has not paid at expiration.
  • Letters of banking guarantee of return of the payment advance (Advance Payment Guarantee) - is granted at the request of the seller and ensures advance to payer the reimbursement, if the seller does not fulfil its contractual obligations.
  • Letters of banking guarantee of participation at the tender (Bid Bond) - is given to applications for public tender. Bank is committed to pay the beneficiary the guaranteed amount if the offer is withdrawn by the bidder before the award, if the order is refused by the bidder after award, if the tender security is not replaced by a performance guarantee after award. As a rule, be issued in the amount of 1-5% of the bid.
  • Letters of banking guarantee proper performance of commercial contracts (Performance Bond) - is granted at the request of the seller and the buyer ensures proper performance of the commercial contract. Bank is committed to pay the beneficiary the guaranteed amount if the seller does not fulfil its contractual obligations in terms of quantity, quality of goods delivered, of performed work or rendered services and / or delivery terms. As a rule, be issued in the 10% of the contract.
  • Letters of banking guarantee for repayment of a loan (Loan Guarantee Reimbursement) - shall be granted to cover the credit which third bank gives (beneficiary of guarantee) in favour of individuals and legal entities. Bank is committed to pay the beneficiary the guaranteed amount if the debtor does not repay the received loan.
  • Stand-by letter of credit - a tool to protect against the potential risks of international trade, which combines the advantages of a letter of banking guarantee to those of a documentary credit.