Become a bidder under the bids for purchasing of goods/services/works by fulfilling a purchaser’s requirements and national or international legislation for submitting of a tender guarantee. Scheme

Contractual performance guarantee

It is used to ensure a seller's (principal’s) obligations related to the supply of goods/providing of services/performance of works. It allows to confirm additionally the reliability for a counterparty or a tender purchaser. Scheme

It is used to ensure a buyer's/importer's (principal's) obligations to pay for goods/services/works to a seller/exporter (beneficiary). You may buy goods on a deferred payment basis without involving of your own or borrowed funds Scheme

It is issued by a counter-guarantor bank in favor of a guarantor bank or another counter-guarantor bank. It is used when a guarantee is required, however: the beneficiary does not trust the bank of a principal and/or a political/economic situation in the country of the principal is unstable and/or a legislation of the country of the beneficiary provides for the issuance of guarantees exclusively by local banks only. It could be used for the bank guarantees of any type. Scheme

guarantees for participation in open tenders (auctions) for the property (assets) sale of banks being liquidated (according to conditions of Deposit Guarantee Fund); financial guarantees needed for Common Transit procedure; loan repayment guarantees; guarantees of warranty obligations; guarantees in favor of IATA etc.

Bank guarantees

Bank guarantees

A guarantee is a method to ensure the fulfillment of obligations, according to which a bank on behalf of a principal undertakes to pay funds to the beneficiary in case a guarantee event occurs.

FUIB provides customers with all the main types of bank guarantees

Become a bidder under the bids for purchasing of goods/services/works by fulfilling a purchaser’s requirements and national or international legislation for submitting of a tender guarantee.

Scheme
It is used to ensure a seller's (principal’s) obligations related to the supply of goods/providing of services/performance of works.

It allows to confirm additionally the reliability for a counterparty or a tender purchaser.

Scheme
It is used to minimize the risk of a non-returning of the advance payment by a seller/exporter (principal) previously received from a buyer/importer (beneficiary).

You may receive advance payments under a contract from a buyer using it for the goods production or organization of services providing.

Scheme
It is used to ensure a buyer's/importer's (principal's) obligations to pay for goods/services/works to a seller/exporter (beneficiary).

You may buy goods on a deferred payment basis without involving of your own or borrowed funds

Scheme
It is issued by a counter-guarantor bank in favor of a guarantor bank or another counter-guarantor bank. It is used when a guarantee is required, however:
- the beneficiary does not trust the bank of a principal and/or
- a political/economic situation in the country of the principal is unstable and/or
- a legislation of the country of the beneficiary provides for the issuance of guarantees exclusively by local banks only.
It could be used for the bank guarantees of any type.

Scheme
- guarantees for participation in open tenders (auctions) for the property (assets) sale of banks being liquidated (according to conditions of Deposit Guarantee Fund);
- financial guarantees needed for Common Transit procedure;
- loan repayment guarantees;
- guarantees of warranty obligations;
- guarantees in favor of IATA etc.

Benefits of using guarantees

Lower
costs

Guarantees are a reliable alternative to standard financing at the rates lower than under loans.

Effective finance management

This is the opportunity for a seller to receive an advance payment for the fulfillment of a contract. Thus, there is no need to attract loans.

Deferment of payment

This is the opportunity for a buyer to purchase goods on a deferred payment basis, without using their own or borrowed funds.

Entering
new markets

You may increase sales volumes, open new perspectives and opportunities, offering to your counterparties more favorable terms of partnership with a bank guarantee.

Higher security

A payment guarantee is a seller's confidence in receiving funds even if a buyer does not pay within the time period stipulated by a contract.

An advance payment guarantee is a protection for a buyer in the event of seller’s failing to fulfill its obligations to supply goods/provide services and non-returning of the advance payment received.