Bank issued surety bonds
Bill avalisation
Surety bonds — a bank guarantee to partially or fully pay a bill if the drawer of the bill cannot make the payment.
Advantages of bill avalisation:
- A bill guaranteed by the bank is more reliable and secure.
- The funds remain available for use.
- An effective tool to pay taxes and duties.
- Less expensive than a loan (interest rates on bill avalisation are significantly lower than interest rates on loans).
- The drawer of the bill can receive the goods/services “today” with a deferral of payment.
- The guarantee does not lose effect if the obligations secured by it are invalidated unless the bill itself is invalid.
Principal terms and conditions
One-time fee charged by the Bank
fee for amendments to the agreement initiated by the drawer of the bill from UAH 500
Avalisation of commercial (trade) bills
fee:
— against cash coverage/pledge of property rights to a deposit — from 1.2 %;
— a pledge in the form of movable property (excluding goods in circulation)/immovable property — from 3.5 %;
— another pledge — from 4.5 %;
Tax bill avalisation
fee:
— for a bill avalisation transaction — from 1.0 %;
— one-time fee for execution of bills — from UAH 100 per avalised bill;
How do I apply for my loan?
FAQ
Documents
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