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Bank Guarantees and Sureties
Additional confidence in success
Are you expanding your business? Do you require the confirmation of your business sustainability?
Use any favorable opportunity for your business benefit with Priorbank Guarantees.
List of Services
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Payment Guarantee
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Performance Guarantee
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Tender Guarantee
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Advance payment guarantee
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Warranty guarantee
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Retention money guarantee
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Guarantee in favor of the Belarusian Customs
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Guarantee in favor of BAMAP
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Counter-Guarantee
Bank Guarantees Advantages
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Deferred Payment
When a company secures its contractual payment obligations with the Bank Guarantee (BG), it can enjoy the benefit of a deferred payment, avoiding advance payment or payment upon delivery, withdrawing cash from its turnover.
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Low Cost
LCs and Bank Guarantees are much cheaper than traditional bank lending.
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Delinquent Payment Risk Mitigation
Either the LC or the Bank Guarantee constitute the bank's financial obligation. The seller mitigates the risk of delinquent payment by the buyer covering it by bank risk.
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Independence from the terms and conditions of foreign trade contracts
Upon making a decision on payment execution, the bank is governed only by the terms and conditions of the issued LC or Bank Guarantee notwithstanding any additional agreements between the seller and the buyer or just the buyer's unwillingness to pay for the shipped goods.
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Individual Approach
Get free consultation from our specialists and assistance in the selection of the most favorable LC or Bank Guarantee conditions without direct interference in trade relationships leaving the final decision at your own discretion.
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Additional Opportunities
Priorbank became the first participant of the Trade Facilitation Program in Belarus arranged by the European Bank for Reconstruction and Development (EBRD) (established in London, Great Britain) and International Finance Corporation (IFC) (Washington, USA), which enables a wider choice of any confirming bank across the world.
The list of fees and commissions applicable for Priorbank Guarantees1,6 |
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№ |
Operation |
Fee/Commission for guarantees in BYN9 |
Fee/Commission for guarantees in the foreign currency4,5 |
| 1 | Documents preparation and bank guarantee issue | ||
| 1.1 | Tender guarantees, guarantees in favor of BAMAP | 185 BYN | 50 EUR |
| 1.2 | Guarantees in favor of customs authorities | 240 BYN | 65 EUR |
| 1.3 | Guarantees and suretyships except tender guarantees, guarantees in favor of customs authorities, BAMAP (not applicable if a fee in accordance with subparagraph 1.3.1. applies) | 278 BYN | 75 EUR |
| 1.3.1 | providing bank guarantee draft at the request of the Client10: | ||
| 1.3.1.1 | - as per Priorbank’s guarantee form | 278 BYN | 75 EUR |
| 1.3.1.2 | - subject to the beneficiary’s guarantee form (requirements) | 352 BYN | 95 EUR |
| 1.4. | Written confirmation at the customer's request of the fact of guarantee issuance in electronic form | 37 BYN | 10 EUR |
| 2 | Bank Guarantee commitment fee2,8 |
as agreed by the parties, |
as agreed by the parties, |
| 3 | Amendment to the Bank Guarantee | 185 BYN | 50 EUR |
| 4 | Examination of the demand under the Priorbank Guarantee |
0.15% from the claimed amount, |
0.15% from the claimed amount, |
| 5 | Payment under the Priorbank Guarantee |
0.2% from the payment amount, |
0.2% from the payment amount, |
| 6 | Early termination or decrease of obligations under Priorbank Guarantee upon the Client's request or pursuant to the Guarantee terms (full or partial)7 |
185 BYN |
50 EUR |
| 7 | Tele-transmission message fee |
18,50 BYN |
5 EUR |
| 8 | For the obligations under the concluded agreement on issuance of the Bank Guarantees in favor of bonds owners 2,3 |
as agreed by the parties, |
as agreed by the parties, |
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1. Fees and commissions under Priorbank JSC guarantee shall be payable within the periods stipulated by the agreement. 2. The minimum is calculated based on the number of days of the validity of the obligation under the guarantee. 3. If the service is utilized, the fee for the obligations under the BG is not applied. 4. The Fee/Commission can be paid in the BG currency or in other currency (pursuant to the foreign currency legislation) at the exchange rate set by Priorbank JSC for currency exchange operations with the Clients at the payment date, if otherwise is not stipulated by the agreement or on the date of payment by a payer who is not a bank customer. 5. If the transaction currency does not correspond with the currency of minimum (maximum) upon calculation of fees/commissions payable by the Principal (Instructing party, Debtor, Applicant, Beneficiary), the exchange rate of the National Bank of the Republic of Belarus is applied as at the date: 6. The cost of third parties services (post, courier service, etc.) involved in the aforementioned operations are not included in fees/commissions and shall be additionally paid by the Client upon the Bank's request. 7. The fee does not apply when the obligations of the guarantee are terminated due to the beneficiary's refusal of his claims for the guarantee by returning it to the guarantor. 8. The minimum shall not apply to obligations under bank guarantees in favor of BAMAP, unless otherwise provided by agreement of the parties. 9. Including bank guarantees (sureties) in foreign currency with payments in Belarusian rubles. When calculating the amount of the fee, expressed as a percentage of the amount in foreign currency, the conversion into Belarusian rubles is carried out at the official rate of the Belarusian ruble at the date of the provision of the service established by the National Bank of the Republic of Belarus in relation to the corresponding foreign currency. |
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The list of fees and commissions applicable for Bank Guarantees of other banks1,4 |
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№ |
Operation |
Fee/Commission for guarantees in BYN5 |
Fee/Commission for guarantees in the foreign currency2,3 |
| 1 | Advising or confirmation of BG's authenticity |
0.15 % from guarantee amount, |
0.15 % from guarantee amount, |
| 2 | Advising or confirmation of authenticity of the BG amendment |
185 BYN |
50 EUR |
| 3 | Demand under BG issued by another bank: | ||
| 3.1 | - examination of the demand upon the Client’s request | 0,15% from the claimed amount, minimum - 185 BYN, maximum - 1850 BYN |
0,15% from the claimed amount, minimum - 50 EUR, maximum - 500 EUR |
| 3.2 | - sending of the demand to the guarantor | 370 BYN | 100 EUR |
| 4 | Tele-transmission message fee |
18,50 BYN |
5 EUR |
| 5 | Message transfer under BG issued by another bank to the Client at another bank's request | 110 BYN | 30 EUR |
| 6 | Message transfer under BG issued by another bank to the Client at another bank's request to the other bank at the Client's request | 110 BYN | 30 EUR |
| 7 | Payment of other bank's commission (due to be paid by the Client) by debiting funds from the Client’s current account - for each payment | 37 BYN | 10 EUR |
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1. Fees and commissions under Priorbank JSC BG shall be payable before the 10th day of the month following the month of the service rendering 2. The Fee/Commission can be paid in the BG currency or in other currency (pursuant to the foreign currency legislation) at the exchange rate set by Priorbank JSC for currency exchange operations with the Clients at the payment date, if otherwise is not stipulated by the agreement or on the date of payment by a payer who is not a bank customer. 3. If the transaction currency does not correspond with the currency of minimum (maximum) upon calculation of fees/commissions payable by the Principal (Instructing party, Debtor, Applicant, Beneficiary), the exchange rate of the National Bank of the Republic of Belarus is applied as at the date: 4. The cost of third parties services (post, courier service, etc.) involved in the aforementioned operations are not included in fees/commissions and shall be additionally paid by the Client upon the Bank's request. 5. Including bank guarantees (sureties) in foreign currency with payments in Belarusian rubles. When calculating the amount of the fee, expressed as a percentage of the amount in foreign currency, the conversion into Belarusian rubles is carried out at the official rate of the Belarusian ruble at the date of the provision of the service established by the National Bank of the Republic of Belarus in relation to the corresponding foreign currency. |
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1. Fees and commissions under Priorbank JSC BG shall be payable before the 10th day of the month following the month of the service rendering
2. The Fee/Commission can be paid in the BG currency or in other currency (pursuant to the foreign currency legislation) at the exchange rate set by Priorbank JSC for currency exchange operations with the Clients at the payment date, if otherwise is not stipulated by the agreement or on the date of payment by a payer who is not a bank customer.
3. If the transaction currency does not correspond with the currency of minimum (maximum) upon calculation of fees/commissions payable by the Principal (Instructing party, Debtor, Applicant, Beneficiary), the exchange rate of the National Bank of the Republic of Belarus is applied as at the date:
- of accrual (last business day of the month) if the obligation exists, and as at the last day of the obligation, if the obligation terminated;
- of service rendering – for commissions without taking into account the number of days
4. The cost of third parties services (post, courier service, etc.) involved in the aforementioned operations are not included in fees/commissions and shall be additionally paid by the Client upon the Bank's request.
5. Including bank guarantees (sureties) in foreign currency with payments in Belarusian rubles. When calculating the amount of the fee, expressed as a percentage of the amount in foreign currency, the conversion into Belarusian rubles is carried out at the official rate of the Belarusian ruble at the date of the provision of the service established by the National Bank of the Republic of Belarus in relation to the corresponding foreign currency.
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