שטוטאקוי, אתר מאמרים אישי

There are different types of bank guarantees, including direct and indirect guarantees. Banks usually use direct guarantees in foreign or domestic transactions, which are issued directly to the beneficiary. Direct guarantees apply when the bank`s guarantee is not based on the existence, validity and applicability of the principal obligation. Bank guarantees are a more important contractual obligation for banks than loans. A bank guarantee, such as a credit, guarantees a sum of money to a beneficiary. The bank only pays this amount if the counterparty does not fulfil the obligations set out in the contract. Warranty can be used to insure a buyer or seller essentially before loss or damage due to non-performance by the other party in a contract. For a guarantee based on the results, the beneficiary can ask the bank for compensation for non-compliance with the obligation provided for in the contract. If the counterparty does not provide the services as promised, the beneficiary will assert its losses resulting from the non-performance vis-à-vis the guarantor – the bank. Here, the guarantee is issued for the accomplishment of a given task and the accomplishment of it in the prescribed / agreed manner, as indicated in the warranty document. Individuals often choose direct guarantees for international and cross-border transactions, which are easier to adapt to foreign systems and practices because they do not have form requirements. This guarantee protects the shipping company from all kinds of losses if the customer does not pay.

This document helps the customer to take possession of goods. Indirect guarantees are the most frequent in export operations, in particular where public authorities or public bodies are the beneficiaries of the guarantee. Many countries do not accept foreign banks and guarantors due to legal issues or other formal requirements. In the case of an indirect guarantee, a second bank is used, typically a foreign bank with its registered office in the beneficiary`s country of residence. If, before the expiry of BG, the beneficiary has deposited a claim with the bank, the bank shall not unite it, for any reason, within the framework of the validity of BG. Bankiert can still respond to the claim request after the expiry of BG (please note that no claim period is defined in BG). Can the applicant challenge this measure by the bank? If new parties unite within the company and are skeptical about the performance of the company leading the project, performance guarantees help reduce the risk of the beneficiary. A bank guarantee is a kind of financial backstop offered by a lending institution. The bank guarantee means that the lender ensures that a debtor`s debts are honoured. In other words, if the debtor does not settle a debt, the bank will cover it.

A bank guarantee allows the customer or debtor to acquire goods, purchase equipment or claim credit. In the context of the tendering procedure, that guarantee guarantees that the tenderer would conclude the contract for which he offered the conditions under which the tender takes place. Is it mandatory for the Bank to issue a bank guarantee in its stationery? Does it have to be printed from the computer or how is the system generated? This is a guarantee that the correct delivery of the ordered goods will be made in accordance with the agreement. The client may be asked to provide other documents, for example.B. documents confirming the client`s legal capacity and the authority of its officers, as well as financial statements. If the customer is a limited company and the agreement is important, the bank may ask the customer to provide copies of valid documents confirming that the guarantee transaction has been approved in accordance with the corresponding corporate procedure provided for in its articles of association. . . .