Advantages and Conditions
Irrevocable bank’s engagement for payment
Clear terms and conditions
Period for receipt of payment
Issuance of bank guarantee
Tokuda Bank issues bank guarantees against preliminary provided collateral (credit line or cash collateral) and completed and signed Application for issuance of bank guarantee.
The Bank issues guarantees to domestic and foreign entities on paper or via SWIFT. To guarantee its clients’ obligations, Tokuda Bank issues bank guarantees:
- For participation in tender
- For performance
- For payment
- For repayment of advance payment
- Other (customs, counter guarantee, credit facility, warranty obligations, etc.
Receiving of bank guarantee
Tokuda Bank advises its clients received bank guarantees from domestic and foreign banks via SWIFT, confirming the authenticity, offers professional consultations on their terms and assists in the preparation of claims.
Charges and Commissions
All charges and commissions relating to the handling of bank guarantees issued and received by Tokuda Bank are stated in the section Documentary Operations of the Tariff.
The processing of bank guarantees in Tokuda Bank is governed by the current ICC Uniform Rules for Demand Guarantees.