Trade Finance

Eliminate the risks of failure to meet contractual obligations so that these risks do not stop you from expanding to foreign markets.

Provides security against the risk of the failure to meet contractual obligations.

Characteristics of the bank guarantee

  • As a form of security, it allows the elimination of the risk of business partners defaulting on their financial and non-financial obligations, especially if you are doing business with them for the first time or do not know them well.
  • The guarantee is issued at the order of the seller (to the benefit of the buyer) or at the order of the buyer (to the benefit of the seller).
  • In case the applicant that ordered the guarantee fails to meet contractual obligations, the bank pays the amount of the guarantee to the beneficiary without objection provided the beneficiary meets the conditions laid down in the agreement.

Types of guarantees

UniCredit Bank offers the following guarantees for the purposes of public calls for tenders:

  • Bid bond (tender guarantee) is issued for the purpose of participation in domestic and international public calls for tenders, mainly for larger investment works. This guarantee assures the contracting authority that a bidder is serious about their application.
  • Performance bond (performance guarantee) assures your buyer or beneficiary that they will receive the payment of the amount indicated in the bond if you fail to fulfil your obligations on time or in their entirety. The performance bond takes two forms, i.e. a supply bond guaranteeing the supply of goods and performance bond guaranteeing the performance of works.
  • Advance payment bond is a guarantee required from you by your buyer when they wish to ensure that they will be refunded for the advance payment they made if you were to fail to fulfil your contractually agreed obligations.
  • Warranty bond is security for your buyer's claims resulting from eventual defects on goods or services rendered that occur after the takeover of the goods.
  • Retention money bond is used mainly in the area of investment works because investment works contracts usually envisage the client being entitled to withhold payment as security until the expiry of the warranty period.

UniCredit Bank offers the following guarantees for customs purposes:

  • Customs bond serves to secure against the risk of the importer's failure to pay customs duties.
  • Excise bond serves to secure against the risk of the importer's failure to pay excise duties.
  • Customs clearance charges bond serves to secure against the non-payment of tax liabilities that can arise in customs clearance procedures.
  • Transit bond secures the obligation arising from the payment of customs duties and other charges applying to goods placed under the Community or common transit procedure to the benefit of EU Member States.
  • Customs bond as retention money in case of the imposition of customs measures for intellectual property right infringements is issued to the customs authorities in lieu of security in cases when the customs authorities perform customs clearance of goods which can result in an infringement of intellectual property rights.

UniCredit Bank also offers a bid bond and block security guarantee laid down in the provisions of the agricultural regulations of the European Community.

UniCredit Bank offers the following guarantees ordered by the client:

  • Payment guarantee securing the payment of goods and services which is usually issued to the benefit of the seller in open account sales as security against the risk of default by the buyer or as security against the risk of default in the payment of past due instalments under a commodity credit by the borrower (applicant ordering the bond).
  • Rent payment guarantee securing the payment of rent issued as security against the risk of default on the payment of rent.
  • Loan repayment guarantee securing the repayment of a loan issued as security against the risk of default on the repayment of a hired loan.

Other guarantee services:

  • Classic guarantee line
  • Factoring of receivables collateralised with a bank guarantee
  • Confirmation of a foreign bank's guarantee

How can you obtain a guarantee?

Required documentation

  • Tender dossier, photocopy of the contract, photocopy of the pro-forma invoice or invoice or photocopy of the order form (depending on the type of guarantee)
  • Prescribed text of the guarantee (if it does not correspond with the standard text)
  • Statement on the natural person's assets (only for persons who will stand as surety for the underlying transaction)
  • Financial statements and the breakdown of the statement items
  • Application for the Issue of a Guarantee

Visit to the bank

If you already have an account at UniCredit Bank, bring the documentation to your corporate consultant in person. If you do not yet have an account, please visit one of the UniCredit Bank branch offices.

Documetation

VLOGA_ZA_IZDAJO_GARANCIJE PDF 583kB Prenesi

Do not let risk stop you from conquering foreign markets.

Documentary Credit

  • Payment instrument used in international trade providing the parties to the transaction with a safe way of payment.
  • Creates a balance between the opposing interests of the buyer and seller that are not familiar with one another or do not know one another at all.
  • It is a payment method whereby the bank issuing the documentary credit makes a payment to the user (seller) at the order and for the account of the originator (buyer), i.e. within a particular period and against the submission of certain documents, provided that all of the conditions for documentary credit have been met.

Documentary Collection

  • Payment instrument that provides greater payment security than remittance.
  • It is suitable for domestic and international payment transactions.
  • We distinguish between an import and export documentary collection.
  • The bank keeps the document until the fulfilment of conditions indicated in the collection instruction, but does not guarantee payment.

How can you obtain documentary credit or documentary collection?

If you already have an account at UniCredit Bank, bring the documentation to your corporate consultant in person. If you do not yet have an account, please visit one of the UniCredit Bank branch offices.

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Mobile Phones
The GO! Mobile Bank
Application for mobile phones with the Android (ver. 2.2 and higher), iOS (ver. 4.3 and higher) and WindowsPhone (ver. 8.0 and higher) operating systems. The updated version features the option of faster and secure access to the app using a fingerprint reader for selected Samsung devices that will also be available for selected Apple devices.
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