Bond operations

Bank bonds are instruments used to manage loan, political, transactional, implementation and other risks which you might face in business operations with your partners.

Kinds of bond operations

• Tender bonds
  These are issued to clients on the buyer’s demand for cooperation in domestic and international public tenders, especially for larger investment projects. Bank tender bonds usually replace suretyship for participation in the tender for the best tenderer regarding work implementation.
• Performance bonds
  These bonds ensure your buyer payment of the amount determined by the bond, if you cannot fulfill your contractual obligations in time or in full.
• Bonds for the abolition of failures in the maintenance period
  These bonds are intended to secure the claims of your buyers if failures occur in your goods after the delivery of the goods or after the services performed.
• Bonds for the repayment of advance payments
  If the buyer pays in advance and would like to secure his payment in case you cannot fulfill your contractual obligations (if you cannot clear the goods for which you received the advance payment, or if you cannot start implementation of the agreed work), he can demand the bonds for repayment of the advance payment.
• Bonds for the insurance of payments
  These bonds are usually issued in favour of the vendor in case of sales on an open account as risk insurance in case of non-payment by the buyer.
• Customs bonds
  Customs Administration of the RS if the beneficiary demands a customs bond from importing companies as risk insurance in case of non-payment of customs charges.

Insurance of bond operations

Loans can be insured by one of the following forms of insurance:

• by drafts and payment orders
• by a bank deposit
• by sureties
• by pledge of real estate
• by securities which are quoted on the stock exchange, by state securities, or securities of the central bank
• by other forms of insurance which present a first-tier guarantee.

How to acquire a bond

Before the launch of a business account with Raiffeisen Bank d.d. we would like to get acquainted with you. Tell us about your company, your plans and objectives. To acquire bonds please submit an offer for cooperation and appropriate documentation, which is the basis for the bond issue.

Required documentation

• Registration document including a report on the capital increase of the company
• record of deposited signatures
• statement of the Statistical office
• fiscal number
• business operations data from the annual financial statement or the last business operations results
• forms Bon-1 and Bon-2
• other documentation upon agreement.