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Tariffs

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BG Tariffs

For Bank Guarantees issued to the Beneficiaries in Armenia

Issuance

1-45 days 0.25% of BG amount
46-75 days 0.75% of BG amount
76-180 days 1.25% of BG amount
181-365 days 1.75% of BG amount
over 365 days. To be agreed on contractual basis

Minimum AMD 10,000 commission will apply

For Bank Guarantees issued to the Beneficiaries outside Armenia

For cash covered guarantees: 1.5% of guarantee amount per annum, min. AMD 10,000
For BG secured by third bank guarantees: To be agreed on contractual basis
For non cash covered guarantees (blank guarantees included): 6% of guarantee amount per annum, min. AMD 30,000
In case of confirmation of BG confirming bank’s charges will be additionally charged to the customer. Issuance fee is calculated for the entire period of the counter-guarantee of the Bank

Amendment	AMD 25,000 In addition issuance commission to be levied proportionally for amendments involving an increase in amount or extension of time on the increased amount and/or extended period. Minimum issuance fee is not applicable Cancellation is considered as an amendment
Payment under demand	0.3% of the amount claimed min. AMD 30,000 (only for the guarantees issued by the Bank)
Advising	AMD 30,000
Advising of guarantee amendment	AMD 15,000

Note: In case of discrepancies between the Armenian and English versions of this page, the Armenian version shall prevail.

Last updated on: 06/11/2009 13:00