When the bank issues a RUR or foreign currency bank guarantee, it means that the bank will have to pay a pre-established amount of money if the client defaults on the main agreement. Guarantees may be issued for the following purposes:
as securities assuring the fulfilment of obligations to pay for goods and services,
as guarantees of the repayment of an advance,
as tender guarantees.
Cash and account services in roubles and foreign currencies
