Banking guarantee for tour operators and travel agents
A banking guarantee of this type minimises the risk of default of the tour operator or tour agent under contract.
The main conditions for issuance of guarantees by Pivdenny Bank:
Maximum validity period of the guarantee – 63 months.
Currency of obligations – EUR equivalent.
Currency of payment under the guarantee – UAH.
The guarantees are issued in paper form.
Collateral can be real estate; vehicles; goods in circulation; property rights to the funds on deposit accounts, etc.
Once the seller has submitted the full package of documents, the bank decides on the issuance of a guarantee with 100% cash couverage within 3 working days.
Bank guarantee for tour operators and tour agents
Guarantee (counter-guarantee) management commission:
- as a pledge of property rights on a physical person's deposit – in UAH from 1.80% per annum, in USD/EUR from 1.00% per annum;
- under 100% cash coverage or under the pledge of property rights for a deposit of a legal entity – in UAH from 2.60% per annum, in USD from 1.00% per annum, in EUR from 1.35% per annum;
- under other security/without security – by agreement.
- under 100% cash coverage or under the pledge of property rights for a deposit of a legal entity – in UAH from 2.60% per annum, in USD from 1.00% per annum, in EUR from 1.35% per annum;
- under other security/without security – by agreement.
Consideration of the demand for payment and execution of payment under a guarantee (counter-guarantee)
0.2% of the payment amount (min. UAH 1,000 - max. UAH 5,000)
Change of warranty conditions (counter-guarantee)
Increase of the term - 1,000 UAH;
increase of the amount - 0.2% of the increase amount (min 1,000 UAH - max 10,000 UAH);
other changes (including cancellation) - 500 UAH.
increase of the amount - 0.2% of the increase amount (min 1,000 UAH - max 10,000 UAH);
other changes (including cancellation) - 500 UAH.
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