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Documentary operations

  • Bid bonds
  • Prepayment bonds
  • Performance bonds

Fees:

Please review the existing fees of the Bank applicable upon bank guarantees: please note that the Bank’s fees applicable to bank guarantees also apply upon stand-by letters of credit

Bank fees for bank guarantees

These fees apply upon stand-by letters of credit as well

Fee rate (Note: the fees remain fixed irrespective of the currency of the transaction)

Out-bound guarantees

Issue of a guarantee

0.2% min. 50 AZN

Modification of terms / cancellation of a guarantee (except for the increase of the amount of a guarantee)

50 AZN

Increase of the amount of a guarantee (of the amount of increase)

0.2% min. 50 AZN

Transfer of funds under a guarantee (per transfer)

0.3 % min. 20 AZN max. 300 AZN

In-bound guarantees

Notification of a guarantee (without confirmation of the Bank)

0.1%, min. 50 AZN

Notification of a guarantee (with confirmation of the Bank)

1.5 % per annum

min. 50 AZN 
(for every complete or incomplete quarter)

Modification of terms / cancellation of a guarantee (except for the increase of the amount of a guarantee)

50 AZN

Increase of the amount of a guarantee (of the amount of increase)

0.1 % min. 50 AZN

Increase of amount under a guarantee (subject to an approval of the Bank)

1.5 % per annum 
min. 50 AZN 
(for every complete or incomplete quarter)