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Bank guarantees

Bank guarantees

Bid bonds, Prepayment bonds, Performance bonds

Fees
  • Please review the existing fees of the Bank applicable upon bank guarantees: please note that the Bank’s fees applicable to bank guarantees also apply upon stand-by letters of credit

Out-bound guarantees

Bank fees for bank guaranteesThese fees apply upon stand-by letters of credit as well Fee rate (Note: the fees remain fixed irrespective of the currency of the transaction)
Issue of a guarantee 0.2% min. 50 AZN
Modification of terms / cancellation of a guarantee (except for the increase of the amount of a guarantee) 50 AZN
Increase of the amount of a guarantee (of the amount of increase) 0.2% min. 50 AZN
Transfer of funds under a guarantee (per transfer) 0.3 % min. 20 AZN max. 300 AZN

In-bound guarantees

Bank fees for bank guaranteesThese fees apply upon stand-by letters of credit as well Fee rate (Note: the fees remain fixed irrespective of the currency of the transaction)
Notification of a guarantee (without confirmation of the Bank) 0.1%, min. 50 AZN
Notification of a guarantee (with confirmation of the Bank) 1.5 % per annummin. 50 AZN (for every complete or incomplete quarter)
Modification of terms / cancellation of a guarantee (except for the increase of the amount of a guarantee) 50 AZN
Increase of the amount of a guarantee (of the amount of increase) 0.1 % min. 50 AZN
Increase of amount under a guarantee (subject to an approval of the Bank) 1.5 % per annum min. 50 AZN (for every complete or incomplete quarter)
Letters of credit

Commercial, Reserved Stand-by, Confirmed/Unconfirmed, Revocable/Irrevocable

Fees
  • Please review the existing fees of the Bank applicable upon bank guarantees: please note that the Bank’s fees applicable to bank guarantees also apply upon stand-by letters of credit

For import letters of credit

Type of service Fee rate (Note: the fees remain fixed irrespective of the currency of the transaction)
Issue of a guarantee 0.2% min. 50 AZN
Modification of terms / cancellation of a guarantee (except for the increase of the amount of a guarantee) 50 AZN
Increase of the amount of a guarantee (of the amount of increase) 0.2% min. 50 AZN
Transfer of funds under a guarantee (per transfer) 0.3 % min. 20 AZN max. 300 AZN

For export letters of credit

Type of service Fee rate (Note: the fees remain fixed irrespective of the currency of the transaction)
Notification of a guarantee (without confirmation of the Bank) 0.1%, min. 50 AZN
Notification of a guarantee (with confirmation of the Bank) 1.5 % per annummin. 50 AZN (for every complete or incomplete quarter)
Modification of terms / cancellation of a guarantee (except for the increase of the amount of a guarantee) 50 AZN
Increase of the amount of a guarantee (of the amount of increase) 0.1 % min. 50 AZN
Increase of amount under a guarantee (subject to an approval of the Bank) 1.5 % per annum min. 50 AZN (for every complete or incomplete quarter)

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