Bid Bond

Bid Bonds are guarantees securing the Principal's liabilities to the Beneficiary under the tender documentation (with the view of participation in a tender for procurement and supply of goods or services)

Guarantee type1. Revolving limit 
2. Non-revolving limit
3. Independent Bank guarantee, unlimited 
Currency KZT
Maximum guarantee termaccording to the validity periods of the bid/ tender/ auction documentation
Collateral securitynon-collateral/ the Principal's bank account turnovers are to be verified
Guarantee issue fee0%
Guarantee use feefrom 1% of the guarantee amount, minimum 10 000 tenge
Advantages• Minimum package of documents;
• No collateral;
• Minimum fees;
• The guarantee is issued within one day;
• The guarantees, including electronic ones, may be received from any subsidiary of the Bank.

 

Approved by the Minutes of the meeting of the Management Board of First Heartland Jysan Bank JSC No.101-20 dated 24.07.2020.

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