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Guarantees
We always support you and are happy to participate in building reliable and regulated partnership relations with your business partners in the country and abroad. Therefore, we offer several types of bank guarantees, which will significantly facilitate the work with your suppliers and customers and will also speed up and secure the process of payment, delivery and provision of quality.
The bank guarantee is the most reliable instrument to secure payment between business entities as an unconditional and irrevocable obligation of the Bank in writing to pay a certain amount of money in case of non-performance of the obligations agreed between the two parties.
MKD and foreign currency guarantees
Payment guarantee
  • Purpose: To secure the payment or delivery of goods.
  • Amount: No more than the amount of the document that is the basis for issuance of the guarantee.
  • Validity: No longer than the validity of the document that is the basis for issuance of the guarantee.
Advance Payment Guarantee
  • Purpose: To secure the advance paid by the beneficiary of the guarantee to the debtor under the guarantee.
  • Amount: In the amount of or less than the amount of the advance payment.
  • Validity: until delivery of the goods/performance of the service or shortly thereafter.
Performance Guarantee
  • Purpose: To ensure timely or proper execution of the contract.
  • Amount: A certain % of the contract value.
  • Validity: Until the fulfillment of the obligations under the contract.
Guarantee for the defect liability period (warranty)
  • Purpose: To secure funds for the removal of deficiencies due to poorly executed works under the contract.
  • Amount: a certain % of the contract value.
  • Validity: For the duration of the warranty period.
Customs guarantee
Purpose: To secure debt during the following customs procedures: release of goods into free circulation, customs warehousing, inward/outward processing, processing under customs control, temporary import and export and temporary storage, guarantee to secure the payment of excise debt
Tender Guarantee (bid bond)
  • Purpose: To secure the fulfillment of the contractual obligations arising from the public procurement (tender procedure).
  • Amount: a certain % of the bid amount.
  • Validity: no longer than the validity of the tender, extended for the period of appeal (minimum 14 days).
Note
***In addition to the criteria stated above, the amount and the validity of the guarantee shall be determined in accordance with the decision of the credit committee of UNIBank AD.
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