Flexibility There is no limit for number of guarantees that may be issued within the approved limit
Speed and convenience You can use Bulbank Online and order issuance of guarantees to your counterparts without leaving your office.
Depending on the purpose conditional loans are divided into two types:
- Commercial conditional loan
The bank undertakes the risk in securing either issuing of bank guarantees or letters of credit with a commercial purpose (e.g. performance guarantee, bid bond, etc.).
- Financial conditional loan
The bank undertakes the risk in securing either issuing of bank guarantees or letters of credit that involve financial risk in favor of the counterparties of the customer (e.g. payment guarantee, customs guarantee, etc.).
Frequently Asked Questions
The market appraisal should be renewed every year. The insurance must be maintained valid for the entire loan period.