Bank guarantee

Secure repayment of advances if the supplier does not deliver the product or service as agreed. The advance payment is normally between 10-20 per cent of the contract amount.

The guarantee secures delivery in accordance with the contract. The guarantee amount is normally 10 per cent of the contract sum.

Used to secure contractual repayment of loans in another financial institution. The guarantee amount is normally equal to the loan amount.

Secure claims against the tenant if rent, joint expenses etc. are not paid, as well as clearing of the premises after moving out. The guarantee is designed in accordance with the contract.

The guarantee amount is normally an amount equal to 3 or 6 months’ rent.

Placed vis-à-vis the applicable transport authority.

Ensures that obligations after the delivery of goods or services are met in accordance with the contract. The guarantee amount is normally between 5-10 per cent of the contract sum.