UniCredit Bank offers the following guarantees for the purposes of public calls for tenders:
- Bid bond (tender guarantee) is issued for the purpose of participation in domestic and international public calls for tenders, mainly for larger investment works. This guarantee assures the contracting authority that a bidder is serious about their application.
- Performance bond (performance guarantee) assures your buyer or beneficiary that they will receive the payment of the amount indicated in the bond if you fail to fulfil your obligations on time or in their entirety. The performance bond takes two forms, i.e. a supply bond guaranteeing the supply of goods and performance bond guaranteeing the performance of works.
- Advance payment bond is a guarantee required from you by your buyer when they wish to ensure that they will be refunded for the advance payment they made if you were to fail to fulfil your contractually agreed obligations.
- Warranty bond is security for your buyer's claims resulting from eventual defects on goods or services rendered that occur after the takeover of the goods.
- Retention money bond is used mainly in the area of investment works because investment works contracts usually envisage the client being entitled to withhold payment as security until the expiry of the warranty period.
UniCredit Bank offers the following guarantees for customs purposes:
- Customs bond serves to secure against the risk of the importer's failure to pay customs duties.
- Excise bond serves to secure against the risk of the importer's failure to pay excise duties.
- Customs clearance charges bond serves to secure against the non-payment of tax liabilities that can arise in customs clearance procedures.
- Transit bond secures the obligation arising from the payment of customs duties and other charges applying to goods placed under the Community or common transit procedure to the benefit of EU Member States.
- Customs bond as retention money in case of the imposition of customs measures for intellectual property right infringements is issued to the customs authorities in lieu of security in cases when the customs authorities perform customs clearance of goods which can result in an infringement of intellectual property rights.
UniCredit Bank also offers a bid bond and block security guarantee laid down in the provisions of the agricultural regulations of the European Community.
UniCredit Bank offers the following guarantees ordered by the client:
- Payment guarantee securing the payment of goods and services which is usually issued to the benefit of the seller in open account sales as security against the risk of default by the buyer or as security against the risk of default in the payment of past due instalments under a commodity credit by the borrower (applicant ordering the bond).
- Rent payment guarantee securing the payment of rent issued as security against the risk of default on the payment of rent.
- Loan repayment guarantee securing the repayment of a loan issued as security against the risk of default on the repayment of a hired loan.
Other guarantee services:
- Classic guarantee line
- Factoring of receivables collateralised with a bank guarantee
- Confirmation of a foreign bank's guarantee
