Guarantees, letters of credit, and collection transactions
Protect yourself from risks with our professional supportGuarantees
A guarantee is a security instrument, by which the Bank guarantees that the guarantor will fulfill all the obligations, towards the user, specified in the guarantee, within the agreed period of time. In case of non-fulfillment of contractual obligations, the Bank assumes the obligation to make the payment, up to the amount stated on the guarantee, at the first call of the beneficiary.
ALTA bank issues:
At the request of its clients,
Alta banka issues:
Letters of credit
A documentary letter of credit is a payment instrument in international trade that enables a safer exchange of goods while at the same time protecting the interests of the buyers and the sellers. The buyer ensures that the goods purchased are received on time and are of the appropriate quality, while the seller ensures that payment will be secured for the sold goods and services.
Akreditivi
Dokumentarni akreditiv predstavlja instrument plaćanja u medjunarodnom poslovanju koji omogućava sigurniju razmenu robe i ujedno štiti interese obe strane i kupca i prodavca. Kupac se osigurava da je kupljena roba primljena u roku i da je odgovarajućeg kvaliteta dok se prodavac osigurava da će isporučena roba i usluge biti plaćeni.
Collection transactions
Documentary collection is an instrument used in the export-import business and includes collection, which encompasses accepting documents for payment and sending documents for collection.
Collection transactions
Documentary collection is an instrument used in the export-import business and includes collection, which encompasses accepting documents for payment and sending documents for collection.