CartuBank.Ge

Bank Guarantee

The guarantee is a bank instrument allowing minimization of the principal’s and beneficiary’s risks, which is the unconditional commitment of the bank to pay a sum at the beneficiary’s request in writing in case of default by the principal.
Cartu Bank issues both the local and international guarantees.

The international guarantee may be

direct guarantee: the letter of guarantee submitted to the beneficiary without certification
certified guarantee: the letter of guarantee certified by a first-class bank.

Privileges:

compared to the other credit instruments interest rate is lower
smaller risks are associated with the local and international transactions.

General Terms

Currency	GEL/USD/EUR/ CHF/ RUB/ GBP
Volume of the guarantee	On a case-by-case basis
Primary Collateral	movable/immovable property monetary collateral - private money resources of a company /individuals a deposit opened with Cartu Bank JSC on the name of a person
Additional Collateral	personal surety a third person’s(s) personal or/and corporate surety pledge of the intangible assets
Insurance	On a case-by-case basis
Frequency/schedule of interest payment	On a case-by-case basis