Guarantees

Due to its reliability and versatility, the guarantee is one of the most preferred types of securing of obligations. Application of documentary operations and their combination allows you to offer trading partners more flexible and most convenient payment terms of agreements.

Bank guarantees of RRDB are reliable securing of obligations arising in the course of financial and economic activities to various counterparties. RRDB guarantees are accepted by large state companies, banks, customs and tax authorities and can serve as a guarantee for the widest range of obligations in the territory of the Russian Federation.

The main advantages of using RRDB bank guarantees are reliability and reputation of the bank, its repeatedly confirmed stable financial position. RRDB guarantees serve as guarantees in transactions of large economic entities.

In accordance with the current Russian legislation and international banking practice, RRDB provides the following types of guarantees

• Guarantee of performance of obligations under the agreement

  Ensures the proper performance of the terms of the agreement

  Guarantee amount	- no more than 30% of the agreement amount
  Securing	- bill of exchange or deposit certificate of the Bank of the RRDB Group (not less than 10% of the amount of the guarantee) and guarantees of the owners of the company
  Guarantee period	- not more than the term of the agreement with the beneficiary

• Advance Chargeback Guarantee/ Cash Chargeback Guarantee

  Provides the repayment of the customer's advance payment under the concluded agreement if the customer does not fulfill his obligations

  Guarantee amount	- no more than the amount of the advance payment paid by the beneficiary under the agreement
  Securing	- bill of exchange or deposit certificate of the Bank of the RRDB Group (not less than 10% of the amount of the guarantee) and guarantees of the owners of the company
  Guarantee period	- not more than the term of the agreement with the beneficiary

• Guarantees of securing of obligations and return of advance payment under the agreement under 100% securing

  Provides the repayment of the customer's advance payment under the concluded agreement if the customer fails to fulfill his obligations.

  Guarantee period	up to 3 years, but not more than the warranty period specified in the agreement
  Amount of bank guarantee	not more than 200,000,000 rubles, but not more than the amount of the security guarantee specified in the agreement
  Securing	100 -125% of the amount of the guarantee (depending on the financial condition of the principal and the guarantee period) pledge (mortgage) of its own certificates of deposit (registered or bearer) or promissory bills of exchange of RRDB OJSC with a blank endorsement belonging to the principal
  Term of consideration of the application	2-3 business days

• Tender guarantee

  Provides the organizer of tenders/ competitions/ auctions with compensation for all costs and expenses if the customer withdraws his offer before the expiry of the tender or refuses to sign the agreement if it is recognized as the winner

  Guarantee amount	- not more than the amount specified in the tender documentation
  Securing	- bill of exchange or deposit certificate of the Bank of the RRDB Group (not less than 10% of the amount of the guarantee) and guarantees of the owners of the company
  Guarantee period	- in accordance with the tender documentation

• Tender bank guarantee for 100% securing

  Provides the organizer of tenders/ competitions/ auctions with compensation for all costs and expenses if the customer withdraws his offer before the expiry of the tender or refuses to sign the agreement if it is recognized as the winner

  Guarantee period	not more than 12 months in accordance with the competitive/ tender documentation
  Amount of bank guarantee	not more than 200,000,000 rubles, but not more than the amount of the securing guarantee specified in the competitive/ tender documentation
  Securing	100% of the guarantee amount pledge (mortgage) of own certificates of deposit (registered or bearer) or promissory bills of exchange of RRDB OJSC with the blank endorsement belonging to the principal
  Term of consideration of the application	2-3 business days

• Bank guarantee to tax authorities

  The guarantee in favor of the tax authorities serves to confirm the amount of taxes claimed for reimbursement in the declaration, before the completion of the office tax audits

• Guarantees in favor of customs authorities

  Ensure fulfillment of obligations of importers or exporters to the customs authorities of the Russian Federation for payment of customs duties, fees, excises

• Other guarantees

  Upon request (it is considered on the individual basis)

  RRDB also conducts operations with guarantees of other banks:

  
  

• advises the guarantee of Russian and foreign banks in favor of beneficiaries
• at the request of customers, checks signatures on the guarantees of other banks and sends to the guarantor banks the payment requirements for the guarantees of these banks.