Ակրեդիտիվ և երաշխիքներ
Letter of Credit and Guarantees
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PRIVE resident |
Resident |
Non- resident |
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Type of banking operation |
Individual |
Legal entity |
Individual |
Legal entity |
Individual |
Legal entity |
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1. Provision of guarantees in Armenia |
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Examination of the application for obtaining a bank guarantee (except for the guarantee secured by cash collateral). |
12.000 |
12.000 |
12.000 |
12.000 |
12.000 |
12.000 |
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The warranty service fee for up to 12 months (included), which is charged at the time of provision and is not subject to recalculation in case of early fulfillment of obligations. A partial month is calculated as a full month. |
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with the security of funds |
0.2% times the guarantee period in months, minimum 18,000 AMD |
0.2% times the guarantee period in months, minimum 18,000 AMD |
0.2% times the guarantee period in months, minimum 18,000 AMD |
0.2% times the guarantee period in months, minimum 18,000 AMD |
0.2% times the guarantee period in months, minimum 18,000 AMD |
0.2% times the guarantee period in months, minimum 18,000 AMD |
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With the security of real estate |
0.35% times the guarantee period in months, minimum 24,000 AMD |
0.35% times the guarantee period in months, minimum 24,000 AMD |
0.35% times the guarantee period in months, minimum 24,000 AMD |
0.35% times the guarantee period in months, minimum 24,000 AMD |
0.35% times the guarantee period in months, minimum 24,000 AMD |
0.35% times the guarantee period in months, minimum 24,000 AMD |
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The commission fee for providing a guarantee with a term longer than 12 months is charged annually (for the first year the fee is charged at the time of provision) |
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with the security of funds |
1-2% min 18,000 AMD |
1-2% min 18,000 AMD |
1-2% min 18,000 AMD |
1-2% min 18,000 AMD |
1-2% min 18,000 AMD |
1-2% min 18,000 AMD |
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With the security of real estate |
3-5% min 24,000 AMD |
3-5% min 24,000 AMD |
3-5% min 24,000 AMD |
3-5% min 24,000 AMD |
3-5% min 24,000 AMD |
3-5% min 24,000 AMD |
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One-time guarantee release fee |
18.000 |
18.000 |
18.000 |
18.000 |
18.000 |
18.000 |
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Change in guarantee terms |
24.000 |
24.000 |
24.000 |
24.000 |
24.000 |
24.000 |
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Payment for guarantee claim* |
0.3%, min 36,000 AMD max 120,000 AMD |
0.3%, min 36,000 AMD max 120,000 AMD |
0.3%, min 36,000 AMD max 120,000 AMD |
0.3%, min 36,000 AMD max 120,000 AMD |
0.3%, min 36,000 AMD max 120,000 AMD |
0.3%, min 36,000 AMD max 120,000 AMD |
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Guarantee void |
- |
- |
Free of charge |
Free of charge |
Free of charge |
Free of charge |
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2. International guarantee operations |
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Provision of guarantees by the bank without the approval of another bank |
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The warranty service fee for up to 12 months (included), which is charged at the time of provision and is not subject to recalculation in case of early fulfillment of obligations. A partial month is calculated as a full month. |
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With the security of funds |
0.1% times the guarantee period in months, minimum 60,000 AMD |
0.1% times the guarantee period in months, minimum 60,000 AMD |
0.1% times the guarantee period in months, minimum 60,000 AMD |
0.1% times the guarantee period in months, minimum 60,000 AMD |
One-time 0.15% for every 3 months, min 180.000 |
One-time 0.15% for every 3 months, min 180.000 |
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With the security of real estate |
0.35% times the guarantee period in months, min 30,000 |
0.35% times the guarantee period in months, min 30,000 |
0.35% times the guarantee period in months, min 30,000 |
0.35% times the guarantee period in months, min 30,000 |
0.35% times the guarantee period in months, min 30,000 |
0.35% times the guarantee period in months, min 30,000 |
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The commission fee for providing a guarantee with a term longer than 12 months is charged annually (for the first year the fee is charged at the time of provision) |
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Change in guarantee terms |
24,000 AMD + intermediary bank rate |
24,000 AMD + intermediary bank rate |
24,000 AMD + intermediary bank rate |
24,000 AMD + intermediary bank rate |
72,000 AMD + intermediary bank rate |
72,000 AMD + intermediary bank rate |
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Payment for guarantee claim |
Annually 1-2%, minimum 600.000 AMD |
Annually 1-2%, minimum 600.000 AMD |
Annually 1-2%, minimum 600.000 AMD |
Annually 1-2%, minimum 600.000 AMD |
Annually 1.5-3%, minimum 180.000 AMD |
Annually 1.5-3%, minimum 180.000 AMD |
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Provision of a guarantee secured by a guarantee provided by a bank with approval by another bank |
Respective rates + intermediary bank rate |
Respective rates + intermediary bank rate |
Respective rates + intermediary bank rate |
Respective rates + intermediary bank rate |
Respective rates + intermediary bank rate |
Respective rates + intermediary bank rate |
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Maintenance of guarantee issued by other banks in favor of the client |
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Guarantee/change notice |
30.000 |
30.000 |
30.000 |
30.000 |
72.000 |
72.000 |
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Compiling a customer's claim for payment under guarantee |
24.000 |
24.000 |
24.000 |
24.000 |
120.000 |
120.000 |
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3. Letter of credit operations |
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Import letter of credit |
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Pre-approval of the letter of credit |
36.000 |
36.000 |
36.000 |
36.000 |
Considered individually |
Considered individually |
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Issuance of letter of credit |
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Cash covered |
0,15 % min 40,000 AMD one time |
0,15 % min 40,000 AMD one time |
0,15 % min 40,000 AMD one time |
0,15 % min 40,000 AMD one time |
One-time 0.3% for every 3 months, min 144,000 |
One-time 0.3% for every 3 months, min 144,000 |
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with other security |
0,15 % min 40,000 AMD one time |
0,15 % min 40,000 AMD one time |
0,15 % min 40,000 AMD one time |
0,15 % min 40,000 AMD one time |
0,15 % min 40,000 AMD one time |
0,15 % min 40,000 AMD one time |
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Contractual |
Contractual |
Contractual |
Contractual |
Contractual |
Considered individually |
Considered individually |
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Acceptance and verification of the Letter of credit terms |
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Without disagreements |
30.000 |
30.000 |
30.000 |
30.000 |
72.000 |
72.000 |
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In case of disagreements |
50.000 |
50.000 |
50.000 |
50.000 |
108.000 |
108.000 |
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Letter of credit payment upon submission of documents or deferred payment period |
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In case of letter of credit coverage |
0.15% min 24.000 max 60.000 AMD |
0.15% min 24.000 max 60.000 AMD |
0.15% min 24.000 max 60.000 AMD |
0.15% min 24.000 max 60.000 AMD |
0.1% min 120.000 max 360.000 AMD |
0.1% min 120.000 max 360.000 AMD |
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In the case of letter of credit without cover (for every full or incomplete 30 days from the date of payment). |
0.25% min 36.000 max 540.000 AMD |
0.25% min 36.000 max 540.000 AMD |
0.25% min 36.000 max 540.000 AMD |
0.25% min 36.000 max 540.000 AMD |
- |
- |
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Change of the letter of credit terms |
36.000 |
36.000 |
36.000 |
36.000 |
72.000 |
72.000 |
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Revocation of letter of credit |
30.000 |
30.000 |
30.000 |
30.000 |
120.000 |
120.000 |
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Export Letter of Credit operations |
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Confirmation of the letter of credit |
0.15% of the letter of credit amount, min 50,000 |
0.15% of the letter of credit amount, min 50,000 |
0.15% of the letter of credit amount, min 50,000 |
0.15% of the letter of credit amount, min 50,000 |
0.15% of the letter of credit amount, min 50,000 |
0.15% of the letter of credit amount, min 50,000 |
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Acceptance and verification of letter of credit documents |
36.000 AMD + intermediary bank and postal costs |
36.000 AMD + intermediary bank and postal costs |
36.000 AMD + intermediary bank and postal costs |
36.000 AMD + intermediary bank and postal costs |
120.000 AMD + intermediary bank and postal costs |
120.000 AMD + intermediary bank and postal costs |
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Letter of credit notification /including each change/ |
36.000 |
36.000 |
36.000 |
36.000 |
50.000 |
50.000 |
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Letter of credit transfer |
0.15% min 42.000 AMD |
0.15% min 42.000 AMD |
0.15% min 42.000 AMD |
0.15% min 42.000 AMD |
0,3%, min 144.000 |
0,3%, min 144.000 |
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Letter of credit service for securing payment of purchase and sale transaction |
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Real estate transaction |
0.15% min 18.000 AMD |
0.15% min 18.000 AMD |
0.15% min 18.000 AMD |
0.15% min 18.000 AMD |
0.5%, min 180.000 |
0.5%, min 180.000 |
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Movable property sale transaction |
0.15%, min 24.000 |
0.15%, min 24.000 |
0.15%, min 24.000 |
0.15%, min 24.000 |
0.5%, min 180.000 |
0.5%, min 180.000 |
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Pre-approval of the letter of credit |
- |
- |
- |
- |
120.000 |
120.000 |