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 term

according to the bid/tender/auction documentation/goods, works, services procurement contract

Collateral securitynon-collateral
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 hour;
• The guarantees, including electronic ones, may be received from any subsidiary of the Bank;
• No history with the Bank is required

 

Terms and conditions for the product were approved by the authorized body of the Bank (#92-20 dated 02.07.2020)

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