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 type||1. Revolving limit |
2. Non-revolving limit
3. Independent Bank guarantee, unlimited
|Maximum guarantee term||according to the validity periods of the bid/ tender/ auction documentation|
|Collateral security||non-collateral/ the Principal's bank account turnovers are to be verified|
|Guarantee issue fee||0%|
|Guarantee use fee||from 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.