Rabitabank offers clients the financing of trade operations through credit lines opened by foreign banks. Thus, the use of external sources of financing makes it possible to offer customers more attractive banking services, which contributes to a more successful and efficient business. Bank guarantee - an obligation of the bank to pay a certain amount to the counterparty with whom you are doing joint activities if he submits a written request to the bank. A bank guarantee ensures the proper fulfillment by the buyer of his obligations to the seller. A bank guarantee is issued on the basis of a letter of the same name.

Rabitabank offers various types of guarantees:

• payment guarantee
• performance guarantee
• money back guarantee
• contract performance guarantee
• tender guarantee
• other types of guarantees

The Bank provides the following guarantee services:

• Opening, confirmation and notification of guarantees
• Provision of consulting services when working with guarantees
• Confirmation of guarantees by reputable correspondent banks
• Opening guarantees at the expense of clients' own funds

Tariff table for guarantees:

Download link: Warranty tariff. PDF

1. Guarantees

Domestic guarantees
Domestic guarantees	3,0% annual (min 50 AZN)
Changing any Warranty	50 AZN / When increasing the amount or period, an additional part is charged according to the Tariff. (min 50 AZN)
All guarantees are fully backed by cash	1,0% annual (min 50 AZN)

 

*Note :

• When an intermediary bank (confirming bank) acts as a guarantor for internal guarantees, the interest rate of this bank is charged additionally. (50 thousand manats)
• If the intermediary bank (confirming bank) requires a cash deposit as security, an additional 1% will be charged from the client to the annual interest rate set by him.
• If another free currency is used as collateral, an additional 1% per annum is added to the guarantee interest rate.

Foreign guarantees
Foreign guarantees	3,0% annual (min 100 EUR/USD)
Changing any Warranty	100 USD/EUR / When increasing the amount or period, an additional part is charged according to the Tariff (min 50 EUR/USD)
All guarantees are fully backed by cash	1,0% annual (min 100 USD/EUR)

 

*Note:

• When an intermediary bank (confirming bank) acts as a guarantor for guarantees issued in foreign currency, an additional interest rate applied by this bank (min. 100 dollars) is charged.
• If the intermediary bank (confirming bank) requires a cash deposit as collateral, it is collected from the client by applying an additional 1% to the annual interest rate set by him.

2 .Other Warranty Services

Warranty Notice	0,1% (all at once) min 100 - maks 500 (AZN/USD/EUR)
Sending a request (per request)	100 AZN/USD/EUR
Receiving, checking and sending a request for a guarantee payment from a bank	0,1% (all at once) min 100 AZN/USD/EUR
Postage payments	According to the tariffs of the postal organization (min 10 AZN)

 

*Note:

• When carrying out these transactions in other currencies, the rate of payment for the service is charged taking into account the equivalent of US dollars.
• In the case of domestic or foreign guarantees, if there is an intermediary or confirming bank, the commission approved by this bank will be charged additionally.