Documentary operations
Bank guarantees
Bid bonds, Prepayment bonds, Performance bonds.
Tariffs
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) |