K&H bank guarantee
we offer a wide range of bank guarantees
- to secure payment or delivery obligations
- towards authorities or business partners, and even to tenders
details
A bank guarantee is an irrevocable commitment by the Bank to make a payment, as ordered by the client, to the beneficiary named in the bank guarantee upon the beneficiary’s first notice, provided that the preconditions set forth in the bank guarantee have been met, without considering the underlying legal relationship.
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guarantee fee, increase of guarantee amount, prolongation |
as agreed on an individual basis |
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fees and commissions related to the issuance of bank guarantees |
the fees and commissions related to documentary transactions are published in our Announcement for Corporate Clients |
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currency of the bank guarantee |
forint and any foreign currency for which K&H Bank quotes an exchange rate |
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main types of bank guarantees |
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who might be interested?
• those who applied for subsidies or tenders
• those required to provide a guarantee for an activity subject to a licence or permission
• those who wish to bolster the trust of their business partners
• those required to provide a guarantee for an activity subject to a licence or permission
• those who wish to bolster the trust of their business partners
tailored to your needs
• you do not need to tie up your business’s funds as security related to foreign trade, excise, etc. deals
• your bargaining position and business image are improved by the Bank’s irrevocable commitment
• your bargaining position and business image are improved by the Bank’s irrevocable commitment
This material does not constitute an offer. The Bank reserves the right to modify the terms and conditions. A detailed description of the product and its terms and conditions can be found in the relevant Contract, the General Contractual Terms and Conditions for Active Corporate Banking Services (credit, loan, bank guarantee, letter of credit, bills of exchange, lease financing deals), in K&H Bank’s General Terms and Conditions, and the Announcement for Corporate Clients. K&H Bank will decide on the bank guarantee facility amounts and the availability thereof as well as on the collateral required at its sole discretion, in accordance with its own policies.