Bank Guarantee

We offer three types of guarantees:

The Market Guarantee is a guarantee issued in the context of market realization by the client (Tender, Good execution, Start-up advance, Retention guarantee).

  • Submission or provisional guarantee: which allows a company to bid for a market;
  • Start-up advance guarantee: which guarantees the contracting authority that it will be reimbursed for the advance granted if the company does not execute the market.

Definitive guarantee: which guarantees the proper execution of the market and the recovery of sums for which a company would be recognized as a debtor towards the contracting authority for the said market.

Retention guarantee: which avoids the deduction of the retention guarantee (covering the obligation of perfect completion of works, supplies, or services) on payments made during the execution of the market.

The third-party guarantee is a credit by which the bank engages its signature on behalf of third parties for its client and as a guarantee of compliance with the obligations of the latter.

Customs guarantees

  • Guaranteed obligation: it is used to cover the deferred payment of VAT to the state (60 days).
  • Removal credit: it allows the company to remove its goods by deferring the payment of customs duties (10 days).
  • Fictitious warehouse: customs may authorize the removal of non-cleared goods provided they are stored in private premises. Any movement of the goods is subject to prior authorization from customs, which requires the commitment to the conservation of the product to be guaranteed by a bank (duration: 1 year).
  • Temporary admission guarantee: concerns goods imported for re-export after processing. These products, intended for re-export, should normally be exempt from any customs clearance. Customs, however, requires the issuance of a guarantee to guarantee the payment of customs duties if in the end the re-export does not take place.
  • VAT refund guarantee: which secures the refund of VAT credits to companies
  • Approval guarantee (Customs, CCC, etc.): which allows companies to obtain the approval allowing them to carry out their activity

ADVANTAGES

  • Facilitates obtaining contracts from the state or public authorities;
  • The bank guarantee is the guarantee that offers the most security for the lessor;
  • The commitments made by the bank enhance the company's brand image

CHARACTERISTICS

  • Rate: From 0.5 to 3% HT per year
  • Duration: Duration of the guarantee
  • Amount: No fixed amount
  • Repayment: Payable by indivisible quarter
  • Documents to provide:
    • For market guarantees, if it is a line, it is necessary to know the client's prospects (Projected turnover, upcoming markets, etc.) to better assess the client's actual need. If it is a one-time financing, the market, the operating account related to the market, certificates of good execution of previous completed markets, the state of markets in progress (order book) and upcoming (upcoming markets) are required;
    • No specific documentation for other types of guarantees. But everything remains linked to business forecasts and changes in operating conditions;
  • Guarantees: Only the start-up advance guarantee requires the establishment of a deposit, the percentage of which will be fixed according to the client's quality (history of the relationship, experience in the field of activity, etc.)