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Corporate Banking

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Documentary Transactions

Eliminate risks in your business using documentary business instruments: guarantees and letters of credit.

Guarantees

A guarantee is an instrument for securing payment or the fulfilment of contractual obligations, by which the Bank guarantees that the Principal will fulfil all obligations stated in the guarantee to the Beneficiary within the agreed deadline. The Bank issues all types ofguarantees: Customs, Payment, Tender, Performance.

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Letters of Credit

A documentary letter of credit is an instrument of security and payment that is predominantly used in international payment transactions. The Bank offers two types of letters of credit: Letters of Demand and Deferred Payment Letters of Credit.

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