An effective way to ensure the fulfillment of obligations under the contract
• The obligation of the Bank - Guarantor to pay a certain amount of money in case of breach by the client of its obligations under the contract
• Ensures the implementation by the supplier of its contractual obligations towards the buyer in respect of duly delivery of goods and services
• Ensures the implementation by the buyer of its contractual obligations towards the supplier in respect of duly payment for delivered goods and services
Small and medium-sized enterprises (legal entities and individual entrepreneurs) within the framework of contractual relations with business counterparties
• Tender guarantee
Guarantees duly fulfillment by the contractor of the tender terms towards the employer of the services/goods (eliminates the risk of failure by the tender winner to enter into a contract for supply of goods or execution of works)
• Performance guarantee
Guarantees duly fulfillment by the contractor of its contractual obligations towards employer for delivery of goods, execution of works
• Advance payment guarantee
Guarantees the reversal of amount paid in advance by employer to contractor in case failure by the latter of its contractual obligations on delivery of goods and performance of work
• Retention Guarantee
The guarantee allows the contractor to receive the withheld by employer of some part of contract before the expiry date for the works to be done (including the warranty period). Guarantee ensures to employer the reversal of withheld paid amount in case of improper work performance by the contractor
• Payment guarantee
Guarantees duly fulfillment of payment obligations of the buyer towards the seller for the goods delivered, works performed
• Counter - guarantee
The guarantee issued by the Bank - Counterguarantor (PASHA Bank) under the client’s request in favor of the Bank-Guarantor (beneficiary’s bank), on the basis of which the Bank - Guarantor issues its own bank guarantee in favor of beneficiary
The minimum package of documents for guarantee execution
The possibility of considering and issuing a bank guarantee on the day of application
Experienced specialist will construe a guarantee taking into account the specifics of your contract/transaction/ the requirements of the tender employer, etc.
Simple and low tariffs
High reliability - the fulfillment of contractual obligations are guaranteed by leading corporate commercial bank of Azerbaijan Republic
• Potential for guarantying of fulfillment of payment obligations under the contract without making a prepayment
• Potential for obtaining from counterparty of a commodity credit where the costs are lower than those under credit funds
• Potential for deferring the payment date under the contract for the goods provided or services rendered
• Security – transactions with new partners without risks
• Potential for expanding of counterparties base
• The bank guarantee stimulates the accuracy and proper fulfillment of the contractual terms under the contract
Apply for guarantee
Collect documents (with the support of a bank manager)
Sign a contract with the bank
Obtain your guarantee
For additional information please contact PASHA Bank Business Centers, Contact Center at (994 12) 496 50 04 /*8123 or customer.care@pashabank.az email address.