To apply for a guarantee, the Customer shall submit to VTB Bank the following documents:
The client can be asked to produce further documents, such as documents confirming the client’s legal capacity of the client and the authority of its executives, and financial statements. If the client is a joint stock company, and the deal is large, the bank may ask the client to produce copies of valid documents confirming that the guarantee transaction has been approved in accordance with the relevant corporate procedure stipulated in its statutes.
In compliance with Article 18 of the Federal Law on State and Municipal Unitary Enterprises No 161-FZ dated 14 November 2002, a state company cannot conclude bank guarantee deals without the owner’s consent. Thus, if the client is a unitary enterprise, it will need to produce the owner’s consent.
Bank Guarantee Application Samples