Bank Guarantees

Separate bank guarantee or
limit for multiple guarantees

Types	· Tender bond - secures the eventual withdrawal of a proposal by a bidder or a chosen contractor’s failure to conclude a contract · Advance payment bond – secures an advance payment under a contract · Performance bond – secures the performance of obligations under certain contract for delivery of goods/services, etc. · Financial Stability bond – secures the payment in favor of the borrower under certain contract for delivery of goods/services, etc. · Bank loan guarantee – in favor of the borrower under certain contract with the beneficiary
Currency	BGN, EUR, USD
Validity Period	As per the requirements of the presented contracts, regulatory requirements, etc.
Collateral	· All types of collaterals, eligible as per the Bulgarian legislation; cash deposit funds on current/deposit accounts at DSK and/or gilt-edged securities. · Collaterals could be owned by the orderer or third parties; · The collaterals are insured in favor of the Bank.