K&H bank guarantee
we offer a wide range of bank guarantees to secure your company’s payment or delivery obligations towards partners or the authorities and even to accompany grant applications
- cashless instrument
- irrevocable commitment by the bank
- available in HUF and foreign currencies
details
A bank guarantee is an irrevocable commitment by the Bank to make a payment, as ordered by the client, to the beneficiary named in the bank guarantee upon the beneficiary’s first notice, provided that the preconditions set forth in the bank guarantee have been met, waiving all rights of objection and defense arising from the legal relationship between the parties.
| general conditions of bank guarantees | |
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guarantee fee, increase of guarantee amount, prolongation |
as agreed on an individual basis |
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fees and commissions related to the issuance of bank guarantees |
the fees and commissions related to documentary transactions are published in our Announcement for Corporate Clients |
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currency of the bank guarantee |
HUF and any foreign currency for which K&H Bank quotes an exchange rate |
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main types of bank guarantees |
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who is it recommended for?
- those who want to apply for grants or participate in tenders
- those required to provide a guarantee for an activity subject to a licence or permission
- those who wish to bolster the trust of their business partners
adapted to your needs
- you do not need to tie up your funds as security related to foreign trade, excise, etc. deals
- your bargaining position and business image are improved by the Bank’s irrevocable commitment
