Bank guarantee – assistance in processing and obtaining
Bank guarantee is the document confirming the financial soundness of the organization. Guarantor bank undertakes to pay the principal’s debt to the lender. If you turn to «Audit Center Standard», you will receive qualified assistance in processing and obtaining a bank guarantee. Modern legislation complicates the receipt of a bank guarantee, that’s why its processing takes more and more time. Besides the search for the bank that can issue such a document has become even more problematic and requires a lot of efforts. But we are ready to simplify your life and undertake the search for a guarantor bank and processing the documents.
A bank guarantee allows you to get a written commitment of the bank to pay a certain amount of money to the customer if the contractor won’t fulfill the terms of the contract. This very guarantee is a credit product, however it is many times cheaper than a cash loan and you will spend less time for its processing.
Assistance in processing and obtaining of a bank guarantee
According to the Federal Contract System Law № 44, a bank guarantee can be issued only by large banks with a high level of capital and with a permission to issue such documents. Without a bank guarantee, organizations can not undertake the execution of a government order.
Why do you need help in processing and obtaining a bank guarantee? The fact is the search for a suitable bank and the processing of the documents take a lot of time. The bank may require a pledge or offer unprofitable terms. The execution of documents also requires a great deal of efforts, and then comes a long period of the application processing. Different banks offer different conditions, therefore their offers may differ. Turning to «Audit Center Standard» you can be sure that you will receive a bank guarantee on the most favorable for you terms.