Guarantee Operations
Upon Customer request, JSC VTB Bank issues any bank guarantees and stand-by letters of credit used in the international banking practices which imply money payment, for a wide range of operations:
- Export operations:
- performance Guarantees;
- advance Payment Guarantees;
- customs Guarantees.
- Import operations:
- payment Guarantees;
- customs Guarantees.
- Guarantees that are not directly related to either import or export operations, such as Customs Guarantees, Tender Guarantees, Loan Guarantees, Share Payment Guarantee, Performance Guarantee for tourist product sales agreements.
- Other types of guarantee operations:
- advising guarantees issued by Russian and foreign banks in favor of Russian and foreign beneficiaries;
- claiming payments from guarantor banks upon beneficiary's request under bank guarantees;
- certifying the authenticity of a signature on guarantees issued by other banks upon request by a customer and other Russian legal entities.
Forms and Samples of Documents
Guarantee operations are carried out in accordance with the applicable Russian legislation, international banking practices, Uniform Rules for Demand Guarantees (ICC Publication no. 458), VTB by-laws and applicable foreign exchange regulations.
