Guarantees

HSBC in Russia provides its customers with all commonly used types of guarantees. The Bank issues guarantees using a wide range of standard texts which may be adapted to the format requested by the client (in accordance with the Bank's requirements).

Advance Payment Guarantee

Obligation of a Bank (Guarantor) to pay to the Beneficiary in case of non-performance by the Principal under the main contract and failure to return advance payment.

Payment Guarantee

Obligation of a Bank (Guarantor) to pay to the Beneficiary in case the Buyer (Principal) fails to pay in accordance with the contract terms between the Beneficiary and the Principal.

Bid Bond

Obligation of a Bank (Guarantor) to pay to the Beneficiary in case of non-performance by the Principal in accordance with the Bid participation conditions.

Performance Bond

Obligation of a Bank (Guarantor) to pay to the Beneficiary in case of non-fulfillment of the Principal of its obligations under the main contract between the Beneficiary and the Principal.

Customs Guarantee

Obligation of a Bank (Guarantor) to pay to the Customs Authorities in case the Importer does not pay the necessary customs duties. Used to avoid the need and inconvenience of cash deposits with the Customs Authorities for impending customs duties.

Tax Guarantee (incl. VAT Bonds)

Obligation of a Bank (Guarantor) to pay to the Tax authorities. For companies undergoing a tax or legal audit, this guarantees non-withdrawal of assets during the auditor if declarative manner of VAT reimbursement is applied.

Rent Guarantee

Obligation of a Bank (Guarantor) to pay to the Beneficiary in case of the Tenant does not pay in accordance with the terms of rent contract, alternative to placing a deposit.

Guarantee in favor of Minority Shareholders

Obligation of a Bank to pay to the shareholders for the sold shares in case the party who submits voluntary offer doesn't make the payment in time. Required by the companies which are in the process of acquisition of Joint Stock Companies in Russia.

Contact Us

Client Advisory and Transactions support

Elena Konyakhina
+7 495 783 88 52
elena.konyakhina@hsbc.com

Vladimir Rozumenko
+7 495 721-15-15, ext.1083
vladimir.rozumenko@hsbc.com