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VTB will issue short-term guarantees to enterprises of the Far East
VTB Bank has introduced a new product "Short-term guarantee" into the line of guarantees for corporate clients. Enterprises of the Far East can receive a guarantee within a few days on the basis of an abbreviated package of documents, the bank's press service reports.
As part of this product provides for the issuance of bank guarantees to secure applications for participation in the auction, the fulfillment of obligations under contracts in favor of the tax, customs authorities and Rosalkogolregulirovaniya.
The warranty period is up to 400 days, and the amount, depending on the company's quarterly earnings for the last 12 months and the type of warranty, can be up to 100 million rubles.
Reducing the timing of decision making on issuing a guarantee is an important criterion for enterprises. The term of the guarantee may be limited by the terms of the contract or the requirements of current legislation - for example, when concluding a contract on the basis of tenders.