Bank guarantee

A bank guarantee for new business opportunities

Take advantage of the opportunity to earn profit in domestic and export-import transactions which require a bank guarantee.

Fill out the application

Prepare a new amendment

Take part in state and municipal tenders
Reduce risks in domestic and cross-border transactions
Buyers can replace prepayment for goods with a guarantee
Sellers can receive prepayment for getting bigger projects or manufacturing under way

The customer is liable for the performance of the contractual obligations underlying the bank guarantee. The beneficiary will claim the payment under the guarantee only if the principal has failed to perform his obligations.
A bank guarantee can only be cancelled prior to its expiration date if the bank has received a garantee receiver’s written release from the guarantee obligations.
Although its issue results from the underlying contract between the bank's principal and the beneficiary, a bank guarantee is independent of such contract. Therefore, upon receipt of a demand to pay, made in accordance with the terms and conditions of the guarantee the bank will effect payment, even if the principal claims that the beneficiary is in breach of any of his contractual obligations.

Download and fill out the application
Read the General Terms and Conditions of Guarantees
Sign the application with a secure electronic signature
Email it to tfon@swedbank.lv
You will be contacted by our employee within 1 business day
Register the collateral (except where the collateral is cash or a term deposit)
Receive the requested guarantee at the branch indicated or electronically, signed with a secure electronic signature

If necessary, book a telephone consultation here

Product/Service	Price, EUR
Applying
Issuance of Guarantee
- Secured by cash collateral or term deposit at Swedbank	75,00
- Secured otherwise	Agreed on case-by-case basis, min. 100,00
- On urgent basis	Agreed on case-by-case basis, min. 150,00
Guarantee advising fee	75,00
Using
Guarantee secured by cash collateral or term deposit at Swedbank	1% per annum, min. 35,00 For amounts up to 7000.00 - min. 35.00 For amounts over 7000.00 - min. 75.00
Other security	Agreed on case-by-case basis, min. 75,00 For amounts up to 7000.00 - min. 75,00 For amounts over 7000.00 - min. 150,00
Guarantee amendment fee	75,00
Handling of claims under guarantee	0,10% of the amount, min. 75,00	Verifying compliance of the payment demand and execution of payment.
Verification of authenticity of a guarantee issued by other bank	35,00
Processing or issuance of guarantee assignment certificate	35,00
SWIFT costs	15,00
Postal expenses	Actual cost
Closing
Early closure/cancellation of guarantee	30,00