OTP Bank issues and advises guarantees as instruments of collateral. At the request of guarantee user the Bank undertakes to make payments up to the amount specified in the warranty, in the case of non-payment or default of contractual obligations by the instructing party under the guarantee.
Types of guaranties issued and advised by OTP Bank
- for securing the payment
- for the recourse of advance payment
- auction guarantees
- bid bond
- performance guarantee
- guarantees for timely performance
- customs guarantees
- counter guarantees
Do you have any additional questions?
You can expect our answer any working day from 9 am to 5 pm
You can call us any working day from 9 am to 5 pm+381 11 30 11455
Thanks for submitting a request our service will contact you soon.
Documentary letters of credit
Documentary credit represents one of the most significant instruments of international payment in foreign trade business that enables more secure exchange of goods and protects interests of vendor and buyer.Find out more
Documentary collection – incasso
Documentary collection is a payment instrument used in import-export businesses. Compared to the documentary credit, documentary collection includes prior delivery or rendering of services by the vendor before execution of payment.Find out more
Our documentary operations and guarantees experts have significant experience in international trade and are always ready to offer you a piece of adviceFind out more