Contract Guarantee
Service for providing contract bank guarantees for the fulfillment of obligations between the customer and the supplier.
The GSB of JSC "Amonatbank" provides contract bank guarantee services on special forms in writing to legal entities and individual entrepreneurs.
This service ensures the fulfillment of contract obligations between the customer and the supplier or contractor outside of procurement.
Types of Contract Guarantees
Advance Payment Guarantee
If the contractor fails to fulfill the terms of the contract, the Bank refunds the prepayment to the customer and then seeks reimbursement from the contractor.
If the contractor fails to fulfill the terms of the contract, the Bank refunds the prepayment to the customer and then seeks reimbursement from the contractor.
Performance Guarantee
Used to guarantee the delivery of goods, provision of services, or execution of work in accordance with the terms of the contract.
Used to guarantee the delivery of goods, provision of services, or execution of work in accordance with the terms of the contract.
Payment Guarantee
If the customer fails to pay for the contractor's work, the Bank pays the required amount and then seeks reimbursement from the customer.
If the customer fails to pay for the contractor's work, the Bank pays the required amount and then seeks reimbursement from the customer.
Service Fee
1%
of the total amount of the requested bank guarantee without collateral
of the total amount of the requested bank guarantee without collateral
0.5%
of the total amount of the requested bank guarantee with collateral
of the total amount of the requested bank guarantee with collateral
Application Procedure
To obtain contract guarantees, legal entities or individual entrepreneurs may submit a written application to the branches and the Directorate of the GSB of JSC "Amonatbank" if they have bank accounts.
The application must specify the type, contract terms, amount, guarantee period, and required documents.
Required Documents for Individual Entrepreneurs
- Application for obtaining a bank guarantee;
- Business plan;
- Copies of contracts and agreements with partners;
- Certificate of state registration as an individual entrepreneur;
- Package of documents confirming collateral security for the bank guarantee.
Required Documents for Legal Entities
- Application or letter for obtaining a bank guarantee;
- Copy of the organization's charter;
- Certificate of state registration of the organization as a legal entity;
- Copy of the information letter from the tax authority at the place of registration;
- Resolution of the Founders' Meeting on obtaining a bank guarantee;
- Copies of orders on the appointment of the organization's managers;
- License for business activity in the relevant sector of the economy;
- Copies of passports of the organization's managers;
- Accounting balance sheet for the last 1 year of the organization's activity;
- Detailed breakdown of accounts receivable and payable;
- Profit and loss statement;
- Copies of contracts and agreements with partners.