Eurasian Bank launched covered guarantees for legal entities under a simplified scheme
What is a covered guarantee?
A covered guarantee is a guarantee, 100% secured with cash. This guarantee is designated for:
participation in a bid/tender;
fulfillment of obligations under a contract;
return of an advance under a contract/agreement;
payment guarantee, etc.
What do you need to issue a covered guarantee?
To issue a covered guarantee with Eurasian Bank, you need to have a current bank account with a coverage amount of 100% (one hundred percent) of the guarantee amount as well as with the guarantee issuance fee amount, without any arrests and encumbrances.
What fees are provided?
1. Bid guarantees — 0.3% of the guarantee amount, minimum — 6, 000 tenge, maximum — as agreed by the Parties.
2. Other guarantee types — 2.5% per annum, minimum — 5, 000 tenge.
How much does it take to issue a covered guarantee?
The Customer can receive a guarantee in 2-3 hours by submitting a minimal set of documents to the Bank.
What documents are required?
1. Application for guarantee issuance (Bank form).
- Consent to the credit bureau (two consents by the approved form).
- Copies of tender documents or of an agreement.
Where can you get more info?
Beeline: +7 (771) 000-77-22
Tele2/Altel: +7 (700) 000-77-22
Kcell/Activ: +7 (702) 010-77-22