| 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) |
