Guarantee terms
My Ameria
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Guarantee terms

For businesses with over AMD 750M annual turnover

1.1 Issuance of guarantees by Ameriabank

1.1.1 with cash collateral

0.3% per quarter* (charged upfront, lump sum for the entire term), min AMD 20,000

1.1.2 with cash collateral

0.75% per quarter2, min AMD 20,000 for the entire term

1.1.3.   Other collateral (simplified procedure in case of up to AMD 50 million guarantees)

 

·         In case of up to AMD 20 million guarantees: only within the scope of tenders and requests for bids/proposals announced by or/contracts signed with the Government authorities and agencies of Armenia, local municipalities of Armenia, state entities and state-owned companies** ***, under the following terms:

·        Security: pledge of cash flows on the bank accounts with Ameriabank, warranty provided by the owners/shareholders

·        A guarantee issuance fee: 0.95% per quarter**, min AMD 25,000 for the entire term

·        Maximum term: 2 years

·         In case of up to AMD 50 million guarantees:

·        Security: pledge of cash flows on the bank accounts with Ameriabank, warranty provided by the owners/shareholders and real estate

·        A guarantee issuance fee: 0.75% per quarter**, min AMD 20,000 for the entire term

·        Maximum term: 2 years

1.2. In case of replacement of  cash collateral of cash-secured guarantee with other collateral.

Guarantee issuance fee is charged equal to the difference between the fee already charged for issued guarantee and the fee applicable to guarantees secured by other assets.

1.3. Amendment of guarantee terms

AMD 35,000. In case of increase of the guarantee amount or extension of the term, an extra guarantee issuance fee will be charged pro rata the increased amount/extended period. 

1.4. Termination of guarantee upon the client’s request

AMD 25,000

1.5. Payment on demand

0.5% of the amount payable, min AMD 50,000

1.6. Indirect guarantees (issued through intermediary banks)

negotiable****

 

  1. Service of guarantee issued by other banks

 

Fee

2.1. Issuance of bank guarantee by Ameriabank under counter-guarantee of another bank

negotiable

2.2. Advising of guarantee or guarantee amount increase

0.1% of guarantee amount (increased portion), min AMD 40,000, max AMD 250,000

2.3. Advising of other amendment and other guarantee-related messages/notices

AMD 40,000

2.4. Drawing payment demand under guarantee

AMD 40,000

 

**For calculation of the fee, an incomplete quarter stands for a full one. 

** The client should have 2+ years of experience in performance of works or provision of services (at least a contract per year) within the scope of contractual relationships with the state authorities and/or local municipalities.

*** For the purposes of this clause, Government authorities and agencies of Armenia, local municipalities of Armenia, state entities and state-owned companies are considered to be the entities and companies defined as such under the laws and regulations of the Republic of Armenia.

**** The tariff is defined based on the written arrangement between the Bank and the Client.

1. Bank guarantee secured by cash collateral

Section 1. For legal entities*

1. Bank guarantee application

2. Call for bids (Invitation to tender) /Request for Supply Agreement/Service Agreement/Proforma Invoice (if any)

3. State registration certificate including all insets and taxpayer identification certificate (duplicates)

4. Charter of the company (duplicate)

5. Reference on registered shareholders/stockholders/founders, director and the latest amendments to charter, issued by the State Register and/or the State Depository (in case of joint-stock companies), reference on lien (if any) on the company’s shares, company liquidation procedures (if any)

6.Duplicates of licenses and/or patents (for licensed/patented activity)

7. Passports of the company’s director and chief accountant (duplicates)

8. Duplicates of passports of shareholders (if individual) or their state registration certificates (if legal entity) with all the available insets

9. ԸWhere required, approval of the General Meeting of the Shareholders (or the Board, if so prescribed under the charter of the company) to obtain guarantee and pledge cash at Ameriabank CJSC

Other documents as appropriate or necessary

Section 2. For private entrepreneurs*

1. Bank guarantee application

2. State registration certificate including all insets and taxpayer identification certificate (duplicates)

3. Duplicate of the private entrepreneur’s passport

4. Duplicates of licenses and/or patents (for licensed/patented activity)

Other documents as appropriate or necessary

*If the guarantee is secured by cash owned by another legal entity, the applicant shall also file the following documents of such legal entity:

  • State registration certificate including all insets and taxpayer identification certificate (duplicates)
  •  Charter of the company (duplicate)
  • Reference on registered shareholders/stockholders/founders, director and the latest amendments to charter, issued by the State Register and/or the State Depository (in case of joint-stock companies), reference on lien (if any) on the company’s shares, company liquidation procedures (if any)
  • Passport of the company’s director (duplicate)
  • Duplicates of passports of shareholders (if individual) or their state registration certificates (if legal entity) with all the available certificates
  • Where required, approval of the General Meeting of the Shareholders to pledge cash at Ameriabank CJSC

If the guarantee is secured by cash owned by another individual, the applicant shall also file the following documents of the pledgor: 

  • Duplicate of the passport
  • Duplicates of the marriage certificate and spouse’s passport, if the pledgor is married, or death certificate of the pledgor’s spouse, if the latter is deceased

Other documents as appropriate or necessary


II. In case of other collateral, please, fill in the loan application (11CB FO 72-04-01) prescribed under the commercial lending procedure and provide other applicable documents (11CB LI 72-04-01/1, 11CB LI 72-04-01).