A bank guarantee has long been one of the most commonly used financial instruments, because in the absolute majority of cases it is a confirmation of the performance of a government contract. Banks and insurance organizations issue such a guarantee, which act as a guarantor, that is, a guarantor of the principal (obligor). If the principal fails to fulfill his obligations, the guarantor undertakes to repay his debts.

Important!
On June 1, 2015, amendments to the Civil Code of the Russian Federation came into force, which regulate the replacement of a bank guarantee with an independent one. Now commercial organizations will be able to issue this loan product along with banks and credit organizations.

Why do you need bank guarantee insurance?

However, banks issuing guarantees tend not to risk their finances, preferring to insure. In fact, bank guarantee insurance is the minimization of the guarantor's risks by insuring the principal's collateral. Since almost no serious organization provides a guarantee without collateral, the creditor organization always has a subject for insurance.

Types of insurance

Bank guarantee insurance is divided into several types, depending on what kind of collateral the borrower offers to the bank. Allocate insurance:

• bonds and securities;
• mortgage bonds;
• loans for short-term and long-term investments;
• payments for the lease of facilities;
• equipment lease payments;
• car loans.

The term of the insurance contract can be different: from several months to 30 years. Thus, the guarantor bank shifts all possible financial responsibility to the beneficiary to the insurance company (during the entire term of the contract). This is convenient for both the principal and the creditor organization, which minimizes its risks, and for the beneficiary, who is confident that in case of default, he will not lose money.

The amount of the bank guarantee insurance contract is calculated based on the amount of debt under the obligation and the interest rate. Usually the cost of insurance is not less than 0.25% and not more than 2% of the total amount.

Where to insure a bank guarantee

To insure a bank guarantee, you can contact a credit institution or an insurance company directly, or you can submit an application to an organization that professionally deals with the preparation of such documents. for many years has been assisting in obtaining bank guarantees for, in the return of an advance, in organizing and participating in competitions, issues

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A bank guarantee of an insurance company is a type of security for the obligations of the principal (borrower or contractor under the contract). In this case, it is issued not by a banking institution, but by an insurance company, which, accordingly, plays the role of a guarantor. Moreover, the service is relevant when concluding contracts of a commercial nature or reinforcing obligations of a different plan. The Center for Guarantees and Investments will help to obtain this kind of security.

Bank guarantee from an insurance company

The conditions for obtaining a bank guarantee in an insurance company are less stringent than in a bank. Due to the specifics of the activity associated with a thorough assessment of financial risks, the insurer may offer a smaller amount of security under the guarantee or a lower cost of execution. In addition, clients appreciate the reduction in the time spent on processing an application.

The use of a bank guarantee of an insurance company in the implementation of government contracts is prohibited. Since 2009, the issuance of such security has become the prerogative of banks exclusively, although previously performers preferred to apply for this service to insurers.

According to FZ-94, a bank guarantee in the field of public services must be issued by a credit institution that has the appropriate license from the Central Bank of the Russian Federation. The reason for this innovation was the frequent non-payment of compensation to beneficiaries by insurance companies.

To find out which guarantee is more suitable in your particular case - a bank or an insurance company, the Center for Guarantees and Investments will help. Sign up for a free consultation, and experienced specialists will select the best type of security for you.

(BG) is a popular tool among many Russian companies. With its help, the execution of contracts, both obtained through procurement and as a result of a normal agreement, is ensured.

Bank guarantee for companies

Issuance of a company bank guarantee carried out by banks that have the rights and licenses for such operations.

The BG is drawn up in accordance with all the requirements of Law No. 44-FZ. The banks that issue these documents are included in the list of the Ministry of Finance. And the bank guarantee itself after issuance (applies to those BGs that provide state contracts and municipal contracts under 44-FZ) is reflected in the register on the website zakupki.gov.ru.

The BG is issued only to financially reliable companies that are able to fulfill the contracts received during the procurement as a result of the agreement.

Helps to fulfill the concluded agreements.

Assistance to each company in obtaining a bank guarantee

A bank guarantee from an insurance company or from a bank we will help to acquire various enterprises. in the form of a bank guarantee, the instrument is reliable, but not easy to obtain on your own. Therefore, we offer everyone our help. Payment for the issuance of the document goes to the bank, financial institution that issues the BG. Our company receives income from partner banks. In other words, there are no additional payments, no rewards, only an account for the guarantor.

The amount of a bank guarantee can be any, the main thing is that the company passes on its financial indicators. Sometimes clients provide an example (sample) of a bank guarantee, the form in which the document is needed. We also select a bank based on this wish. However, please note that in such a situation, the process of agreeing on the required form of the BG takes time. This must be taken into account if time is running out. It takes less time to issue a BG of a standard bank form.

Why the help of our company is beneficial

Our company providing bank guarantees in public procurement, helps promptly and at the proper level. To get the desired result, you must comply with the requirements of the bank. We help to collect the necessary package completely, we give recommendations. Through us in any case faster than directly. Remote solution of the issue saves time (we help companies in Moscow and other regions of Russia). And the optimal rates and offers will please everyone. We work to establish good partnerships, not just to get good reviews.

Only white bank guarantees for all companies

Bank guarantee for companies only white and full size is provided. If security is required under 44 FZ, then the issued document is entered in the BG register and has all the confirmations. With such a white document, the path opens to the world of concluding successful contracts, interacting with good counterparties, to the world of profitable deals.

Obtaining an irrevocable bank guarantee with our company

With our help the company will buy a bank guarantee in irrevocable form. All customers require this document only in this form. These conditions are prescribed initially in the auction or tender documentation. Therefore, when making a BG, this moment must be taken into account and remembered.

Guarantees received with our company are entered in the register

Issued bank guarantees to companies must be entered in the register (concerns BG according to 44 FZ). This is a 100% certainty of the fact that the document was issued by the bank, it is legitimate and reliable. We assist in the issuance of only those bank guarantees that comply with the law and are white papers.

A bank guarantee is a transaction in which one participant - the borrower of funds, the second - presents the bank with a payment demand for them, and the bank acts as an intermediary. In other words, if an entrepreneur lends money to another entrepreneur, and at the same time is not at all sure that the borrower will repay them, a bank guarantee is issued. That is, the bank issues funds to the borrower, but at the urgent request of the one who lends the money. The risk of non-return is minimized, and the bank acts as a guarantor that the debt will be repaid.

The essence of a bank guarantee

At the beginning of the article, it was said that a bank guarantee is a deal. Its legal basis is civil law and legislation. But on the other hand, this is a banking operation, which was legally substantiated by the regulatory legal acts of the bank itself. If we consider in total the algorithm for issuing a bank guarantee, then it will look like this:

First of all, an agreement is created in which the borrower and the lender (here they are referred to as the beneficiary and the principal) stipulate the procedure for issuing and disbursing funds. And also the term, volume, rights and conditions must be indicated. The beneficiary (or borrower) can put forward special conditions, and if the lender agrees to them, then the agreement will be signed.

The creditor applies to a banking institution in order to obtain a guarantee that he will pay the debt. At the same time, it is this participant who pays for this procedure, because it is not free.

Next, you need to collect a package of documents for obtaining a bank guarantee. All parties to the agreement are actively involved in this. The number and necessity of some documents depends on the basis of this agreement.

What is required to obtain a bank guarantee?

1. 1) It is necessary to open a current account specifically for this procedure.

   2) Pledge necessarily takes place, as well as security.

   3) Financial documentation confirming the solvency of the creditor must be submitted to a banking institution. The borrower also provides this information, but the key participant is the lender.

   4) In order for the procedure for obtaining, processing and reviewing a bank guarantee to take the minimum time, it is better to contact the operating company. Operator companies bypass some procedures, because they have privileges. Therefore, the term for a positive decision in favor of the creditor is reduced from several weeks to three to five working days.

To obtain a bank guarantee, there must be no losses in the financial statements, good indicators of the average level of income are needed so that the commission that decides on your issue can assess the possibilities of paying off the debt. The presence of debts can spoil the whole positive impression, so their complete absence is necessary at the time of contacting the bank.

Bank guarantee insurance

Bank guarantee insurance is as much a necessity as the bank guarantee itself. Risks are reduced to a minimum, now you can safely invest in innovative activities, developments and enterprises - you will definitely return the deposited amount.

Bank guarantee insurance for 99.9% will protect both the bank itself from non-repayment of funds, and the enterprise borrowing funds. After the insurance company reduces financial risks to a minimum.

Investors often want to invest in a fairly risky or innovative event, and doubt not only the payment of dividends, but also the repayment of the debt, so they try to protect themselves as much as possible. Now there are a large number of different types of insurance for participants and objects of entrepreneurial activity. Depending on the type of activity, insurance can be divided into:

Insurance of individuals and legal entities. Both a huge holding and a private entrepreneur with high incomes can protect themselves. The insurance company will not refuse either one or the other.

Short-term loans and long-term. The company invests, and the production process is so long that the investor and the entrepreneur will receive a return on their investment very soon. The insurance company makes you wait for one, and pay the other as soon as the first funds appear.

Rent and insurance is a fairly popular tactic, because in order to get down to business, the first thing you need is a room. And before the first benefit appears, the premises will be in operation.

Vehicle loan. Transport should be present in every businessman, and if entrepreneurial activity is still closely related to vehicles, then the loan will be impressive. In theory, the profit should be the same, but it will have to be expected, and the company insures against such risks.

Leasing insurance. Leasing is a lease with a subsequent right to purchase. That is, if an entrepreneur rents equipment from you, then he uses it, and it, in turn, wears out. As a result, worn-out equipment may not be needed by the tenant and he will refuse to buy it, and you can no longer sell worn-out equipment. In this case, an insurance agent comes to the rescue.

A bank guarantee, as a financial instrument of domestic and international business relations, can be insured. In this case, the insurance company assumes the possible costs of covering the risks of the guarantor. Bank guarantees are a necessary condition for major transactions. A bank guarantee transaction is valid between a guarantor (a bank or a credit institution), a principal (debtor) and a beneficiary (creditor) under the main contract.

Bank guarantee insurance is a form of protecting the effectiveness of the guarantee itself in the event of possible risks. A bank guarantee insurance contract can be considered as a special type of surety contract, in which the bank and the principal act as the debtor, the insurance company as the guarantor, and the guarantee beneficiary as the creditor.

Types of insured risks

There are several types of bank guarantee insurance issued for the following purposes:

• redemption of bonds and securities;
• short-term and long-term loans;
• fulfillment of lease obligations;
• guarantees of payments for the leasing of equipment and machinery;
• payment for the export of equipment;
• loans for the purchase of cars.

A bank guarantee insurance contract is concluded for a period of several months to 30 years. Insurance protects the interests of the guarantor bank and ensures that it conducts operations with minimal losses.

Benefits of Guarantee Insurance

What advantages does insurance bank guarantee?

• The bank shifts its responsibility to the insurer;
• BG insurance is a guarantee of the invariability of the value of the insured securities;
• the liquidity of insured securities increases;
• the insurance premium is from 0.25 to 2.0% of the guarantee amount.

Bank guarantee insurance can only be obtained by large companies. In any case, the bank first carefully checks the candidate's credit history and financial statements and only then makes a decision. If insurance is applied, the bank guarantee becomes more effective, it saves both the bank itself and the principal from the loss of funds. The insurance company minimizes the risk.

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