Advance Payment Return Guarantee
Secures the obligation to refund the advance payment as stipulated in the contract
Guarantee limit
Up to 100 billion UZS
Term
Up to 12 months
Issue fee
From 1%
Basic conditions
Purpose of the bank guarantee: to guarantee the intended use of the advance payments agreed in the contract or lease agreement.
Customer account number: Main account (in the system of JSCB “Business Development Bank”)
Segment: Small and medium-sized businesses (entrepreneurs with legal entity status)
Submission form: Bank guarantee on the prescribed form or in accordance with the document confirmed by electronic signature.
Amount of bank guarantee: up to 100,000,000,000,000.0 UZS
Bank guarantee: at the customer's request, but for a period not exceeding 12 months.
Currency: National currency (UZS) and foreign currency
Bank guarantee fees | Customers' annual turnover | *Interest | Conditions |
up to 1 billion UZS 3,5 % | 3,5 % | Guarantees issued with types of collateral other than deposit | |
from 1 to 5 billion UZS 3 % | 3 % | ||
From 5 to 10 billion UZS 2,5 % | 2,5 % | ||
over 10 billion UZS | 2 % | ||
Irrespective of customer turnover | 1 % | For letters of guarantee secured by a deposit | |
Term of payment of bank guarantee commission |
Prior to the issuance of a bank guarantee | ||
*Commission fee is charged as a percentage of the guarantee amount, for the term up to 1 year, in the amount specified in the bank's tariffs, charged every year | |||
Required documents
Application;
Business plan;
Consent of the founders of the principal enterprise to receive a bank guarantee issued in accordance with the procedure established by the current legislation;
Balance sheet, reports on financial results of the Principal - enterprise (submitted to the relevant state tax service authority in electronic form) for the last reporting period (except for cases when Forms 1 and 2 are received by the bank in electronic form from the database of the state tax service authority);
Information on account turnover in other banks (customer's debts on card index - 2 in cases when the main account is in another bank);
Insurance policy on construction risk insurance for the guaranteed object;
Financing schedule (financing schedule), construction schedule (construction schedule), schedule for utilization of advance payments (cost spread) signed between the client and the contractor;
Contractor's contract (the main contract between the client and the contractor, if the contractor for hire has a contract for hire;
Estimate documentation for the facility.
Collateral
In the amount of at least 125% of the amount of the bank guarantee (130% for related parties).
Acceptable types of collateral:
- Movable and immovable property;
- Cash;
- Surety of a third legal entity;
- Insurance policy.
These types of collateral are accepted based on the requirements of the bank's internal regulatory documents.
How do I get a guarantee?
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Fill out the form and submit
the required documents
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Sign the agreement and pay
the commission fee
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Receive your guarantee
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