HR
Guarantee
A guarantee is a security instrument in domestic and international business whereby a bank guarantees to the beneficiary that it will, if the principal debtor fails to fulfil his obligations, pay the amount covered by the guarantee.
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Documentary and guarantee business
Documentary letter of credit
A documentary letter of credit represents an obligation of the bank acting at the request of the buyer to effect payment of goods or services, in favor of the supplier within the agreed time, following the presentation of documents in accordance with the terms and conditions of the letter of credit.
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Documentary collections
Documentary collections, i.e., documents against payment, is a payment instrument in which the exporter, after shipping the contracted goods, hands over commercial documents to its bank, requesting that the documents are forwarded to the bank of the buyer (importer) for payment.
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Recommendation letters
We offer you a possibility of issuing a Recommendation Letter or a Confirmation Letter in Croatian, English or another foreign language.
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Bank payment obligation
An irrevocable and independent undertaking given by the obligor bank to pay for goods or services in favour of the recipient bank within the agreed period.
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