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Bank guarantees
Bank guarantees
This is a way to ensure the fulfillment of obligations, according to which the guarantor bank undertakes to pay the beneficiary the amount of money for which the bank guarantee was issued in case of non–fulfillment or improper fulfillment of obligations under the concluded agreement.
A commitment from a Bank with a high credit rating
Ensuring the fulfillment of obligations under new contracts without diverting funds from circulation
Minimizing risks when working with untested counter-partners
Types of bank guarantees:

Tender guarantees 

Electronic tender guarantees without collateral up to 20 million tenge, on the portals of Samruk-Kazyna, the Portal "Public Procurement of the Republic of Kazakhstan"


Guarantee of payment/ refund of the advance payment

The obligation of the guarantor bank to pay the amount of the guarantee/refund the amount of the advance payment, in case the Applicant fails to fulfill its payment obligations under the agreement / obligations to supply goods, works or services


Bank guarantee of fulfillment of obligations

This is a way to ensure the fulfillment of obligations, according to which the guarantor bank undertakes to pay the beneficiary the amount of money for which the bank guarantee was issued in case of non–fulfillment or improper fulfillment of obligations under the concluded agreement.


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