Fizička lica
Računi
Krediti
Keš kredit
Kredit za refinansiranje
Dozvoljena pozajmica
Keš kredit za penzionere
Stambeni kredit
Stambena štedionica
Keš kredit na bazi namenskog depozita
Svi naši krediti
Štednja
Oročena štednja
Oročena štednja sa isplatom kamate unapred
Oročena štednja sa mesečnom isplatom kamate
Postepena štednja
Stepenasta štednja
Štednja po viđenju
Flexi štednja po viđenju
Sve naše štednje
AIK Like
AIK Loyalty
Keš na NIS pumpi
Plaćanje BUS karte
24/7
mBanking
eBanking
IPS
Lokacije
Mreža bankomata
Pravna lica
Mala privreda
Računi
Štednja
Krediti
Projektno finansiranje
Rešenja
24/7
Privreda
Računi
Krediti
Projektno finansiranje
Rešenja
24/7
AgroBiz
Računi
Krediti
Kredit za proizvodnju
Revolving kredit
Investicioni kredit
Svi naši krediti
Rešenja
Račun i dobra usluga
Kredit
POS terminal
E-commerce
Dokumentarno poslovanje
Digitalno poslovanje
Business kartica
Sva naša rešenja
24/7
Platinum iskustvo

What is a counter-guarantee?

Objavljeno 01.04.2021

In some cases, laws prevailing in the beneficiary’s county require that a local bank issues a letter of guarantee in its favour, or the L/G beneficiary wants its commercial bank to issue it a letter of guarantee. The instructing bank will in such situations, subject to obtaining consent from its client to issue a letter of guarantee, instruct (counter-guarantee) a specific foreign bank to issue a letter of guarantee in favour of the beneficiary. The term of validity of such a counter-guarantee must be minimum 15 days longer than the term of validity of the letter of guarantee.

The counter-guarantor must often comply with regulations prevailing in the country where the beneficiary of the letter of guarantee is headquartered.

The counter-guarantor must have in place correspondent relations with the guarantor bank (RMA – Relationship Management Application).

The counter-guarantee cannot be transferable.

When a counter-guarantee is issued, the cost of issuing is increased by the amount of costs incurred by the guarantor bank.

similar reading

What is the difference between a standby letter of credit and a documentary letter of credit?

The standby letter of credit is a particular type of letter of credit, whereby the bank...

What is the difference between a letter of guarantee and a letter of credit?

If you are in the import or export business, it is very important to know the difference between a letter of guarantee and a letter of credit.

How do I know which banking products are the best for me?

Regardless of your business is small or large, you should always bear in mind that it is the largest and most important to you!

read more

What is a transferable letter of credit?

As a rule, documentary letters of credit are untransferable.

Pročitaj više
What is a counter-guarantee?

In some cases, laws prevailing in the beneficiary’s county require that a local bank issues a letter of guarantee in its favour, or the L/G beneficiary wants its commercial bank to issue it a letter o

Pročitaj više
What does advising about letters of guarantee mean?

Advising about letters of guarantee is a notification to the beneficiary that a letter of guarantee has been issued in its favour, or that a change to the letter of guarantee has been made

Pročitaj više
Project finance – advantages and challenges

The construction of residential and commercial properties is highly lucrative, and high demand for such space has encouraged many people to go into investment business

Pročitaj više
What are the best sources of funding I could use to invest in agricultural production?

Agriculture is undoubtedly the most vital branch of Serbian economy.

Pročitaj više