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Bank guarantees

Bank guarantees

In need of a bank guarantee when exporting to foreign markets? We will provide you with a comprehensive form of support and tailor-made solutions, including free consulting.

Bank guarantees

In need of a bank guarantee when exporting to foreign markets? We will provide you with a comprehensive form of support and tailor-made solutions, including free consulting.

Benefits of bank guarantees

More favourable terms and conditions

We are mindful of the nature of your business and your specific needs.

Higher credibility

Having a guarantee increases your credibility with your international business partner.

Lower business risk for your buyer

With a bank guarantee, your foreign buyer reduces their business risk and secures the fulfilment of their business obligation.

Types of bank guarantees

Choose one of the payment or non-payment bank guarantees we offer to Slovak exporters.

Non-payment bank guarantees

1. Bid bond

This guarantee is required by the tenderee from you (the exporter) as a participant in the tender in case of withdrawal of the bid or non-compliance with its conditions.

The bid bond guarantee is mainly used for public tenders in different countries of the world.
The amount of the bid bond guarantee is usually 2-5% of the value of the bid.

3. Performance bond

This guarantee ensures that you, as a supplier (exporter), fulfil your obligations under the contract.

The guarantee is used, for example, in case of non-delivery of goods in the agreed quality/time.
The amount of the guarantee is usually around 5-20% of the contract value.

5. Retention bond

This type of guarantee is usually required for contracts for the construction of investment goods, where payments are made by the buyer based on a certificate of completion of a certain phase of the project. These partial payments during construction allow you, as the contractor (exporter), to get financing.

The investor usually retains from 5% to 10% of payments as security for covering defects that may be identified later.

2. Advance payment guarantee - guarantee for refund of prepayment

This type of guarantee is required by a foreign buyer where the contract includes the condition of payment of part of the purchase price in advance, which allows you, as a supplier (exporter), to start production.

The advance payment guarantee is mainly used for supplies of capital goods, machinery, and equipment. Usually, 5-30% of the contract value is pre-paid.

4. Supplier’s warranty bond

We will ensure on your behalf, as a supplier (exporter), the fulfilment of your obligations – removal of defects identified during the period of technical warranty. The warranty bond period covers the technical warranty of the supplied equipment.

This guarantee is used in connection with contracts for the supply of capital goods and technical equipment. The guaranteed amount is ranging from 5% to 10% of the purchase price.

Payment bank guarantees

1. Payment guarantee

This guarantee allows you to obtain more favourable payment terms, such as deferred payment of obligations. At the same time, it provides the supplier with an assurance that you meet your payment obligations (as a buyer) arising from the contract.

2. Loan guarantee

With this guarantee, we provide a guarantee on your behalf that you will repay the loan to the lender (a commercial bank). Thus, the lender is assured of repayment of the principal and interest on the loan granted to you. The guarantee specifies the loan agreement, the number of instalments and their amount.

Výhody bankových záruk

More favourable terms and conditions

We are mindful of the nature of your business and your specific needs.

Higher credibility

Having a guarantee increases your credibility with your international business partner.

Lower business risk for your buyer

With a bank guarantee, your foreign buyer reduces their business risk and secures the fulfilment of their business obligation.

Types of bank guarantees

Choose one of the payment or non-payment bank guarantees we offer to Slovak exporters.

Non-payment bank guarantees

1. Bid bond

This guarantee is required by the tenderee from you (the exporter) as a participant in the tender in case of withdrawal of the bid or non-compliance with its conditions.

The bid bond guarantee is mainly used for public tenders in different countries of the world.
The amount of the bid bond guarantee is usually 2-5% of the value of the bid.

2. Advance payment guarantee - guarantee for refund of prepayment

This type of guarantee is required by a foreign buyer where the contract includes the condition of payment of part of the purchase price in advance, which allows you, as a supplier (exporter), to start production.

The advance payment guarantee is mainly used for supplies of capital goods, machinery, and equipment. Usually, 5-30% of the contract value is pre-paid.

3. Performance bond

This guarantee ensures that you, as a supplier (exporter), fulfil your obligations under the contract.

The guarantee is used, for example, in case of non-delivery of goods in the agreed quality/time.
The amount of the guarantee is usually around 5-20% of the contract value.

4. Supplier’s warranty bond

We will ensure on your behalf, as a supplier (exporter), the fulfilment of your obligations – removal of defects identified during the period of technical warranty. The warranty bond period covers the technical warranty of the supplied equipment.

This guarantee is used in connection with contracts for the supply of capital goods and technical equipment. The guaranteed amount is ranging from 5% to 10% of the purchase price.

5. Retention bond

This type of guarantee is usually required for contracts for the construction of investment goods, where payments are made by the buyer based on a certificate of completion of a certain phase of the project. These partial payments during construction allow you, as the contractor (exporter), to get financing.

The investor usually retains from 5% to 10% of payments as security for covering defects that may be identified later.

Payment bank guarantees

1. Payment guarantee

This guarantee allows you to obtain more favourable payment terms, such as deferred payment of obligations. At the same time, it provides the supplier with an assurance that you meet your payment obligations (as a buyer) arising from the contract.

2. Loan guarantee

With this guarantee, we provide a guarantee on your behalf that you will repay the loan to the lender (a commercial bank). Thus, the lender is assured of repayment of the principal and interest on the loan granted to you. The guarantee specifies the loan agreement, the number of instalments and their amount.

Profile of countries

*Countries are classified into 8 risk categories ranging from 0 to 7, with category 7 consisting of countries with the highest level of territorial risk and category 1 consisting of countries with the minimum level of risk. Special category 0 (zero) includes countries with developed financial markets.

Projects carried out by EXIMBANKA SR

Documents to download

PDF

Sadzobník pre bankové produkty – Záruky

Záruky

DOC

Žiadosť – bankové záruky

XLSX

Dotazník ŽP

Čestné vyhlásenie
Konečný užívateľ výhod
English version

Čestné vyhlásenie
Konečný užívateľ výhod

DOC

Čestné vyhlásenie
Politicky exponovaná osoba
English Version

Čestné vyhlásenie
Politicky exponovaná osoba SK

XLS

Tabuľkové prílohy

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