Bank Guarantees and Sureties

Additional confidence in success

Bank Guarantees and Sureties

Additional confidence in success

To learn more

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

  • Payment Guarantee

  • Performance Guarantee

  • Tender Guarantee

  • Advance payment guarantee

  • Warranty guarantee

  • Retention money guarantee

  • Guarantee in favor of the Belarusian Customs

  • Guarantee in favor of BAMAP

  • Counter-Guarantee

Bank Guarantees Advantages

  • Deferred Payment

    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.

  • Low Cost

    Low Cost

    LCs and Bank Guarantees are much cheaper than traditional bank lending.

  • Delinquent Payment Risk Mitigation

    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.

  • Independence from the terms and conditions of foreign trade contracts

    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.

  • Individual Approach

    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.

  • Additional Opportunities

    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

Operation

Fee/Commission for guarantees in BYN

Fee/Commission for guarantees in the foreign currency4,5

1. Documents preparation and bank guarantee issue 125 BYN 50 EUR
2. Bank Guarantee commitment fee2

as agreed by the parties, minimum 125 BYN per month

as agreed by the parties, minimum 50 EUR per month

3. Amendment to the Bank Guarantee 125 BYN 50 EUR
4. Examination of the demand under the Priorbank Guarantee

0.15% from the claimed amount, minimum 125 BYN, maximum 1250 BYN

0.15% from the claimed amount, minimum 50 EUR, maximum 500 EUR

5. Payment under the Priorbank Guarantee

0.2% from the payment amount, minimum 125 BYN, maximum 1250 BYN

0.2% from the payment amount, minimum 50 EUR, maximum 500 EUR

6. Early termination or decrease of obligations under Priorbank Guarantee upon the Client's request or pursuant to the Guarantee terms (full or partial)

125 BYN

50 EUR

7. Tele-transmission message fee

12 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, minimum 7500 BYN per month

as agreed by the parties, minimum 3000 EUR per month

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.

5. If the transaction currency does not correspond with the currency of minimum (maximum) upon calculation of fees/commissions payable by the Applicant, 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.

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.

The list of fees and commissions applicable for Bank Guarantees of other banks1,6

Operation

Fee/Commission for guarantees in BYN

Fee/Commission for guarantees in the foreign currency2,3

1. Advising or confirmation of BG's authenticity 0.15 % from guarantee amount, minimum 125 BYN, maximum 625 BYN 0.15 % from guarantee amount, minimum 50 EUR, maximum 250 EUR
2. Advising or confirmation of authenticity of the BG amendment

125 BYN

50 EUR

3. Demand under BG issued by another bank upon the Client's request 250 BYN 100 EUR
4. Tele-transmission message fee

12 BYN

5 EUR

5. Message transfer under BG issued by another bank

75 BYN

30 EUR

5.1 - to the Client at another bank's request
5.2 - to the other bank at the Client's request

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.

3. If the transaction currency does not correspond with the currency of minimum (maximum) upon calculation of fees/commissions payable by the Applicant, 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.

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.

3. If the transaction currency does not correspond with the currency of minimum (maximum) upon calculation of fees/commissions payable by the Applicant, 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.