Letters of Guarantee and Counter-Guarantees
Security in International Trade
Enables Turkish companies to conduct their international business operations securely. Reduces risks in international trade by providing assurance in matters such as delivery of goods, completion of work, or debt payment.
Flexibility with Different Guarantee Types
Can be issued in three different forms: wet-signed direct letter, advising letter, and counter-guaranteed letter. This variety allows you to choose the guarantee type that best suits your needs.
Who Can Benefit?
Commercial Firms
Corporate Companies
Basic Credit Conditions
Frequently Asked Questions
Beneficiary: The party receiving the guarantee.
Principal: The party whose action is being guaranteed.
Guarantee letters that are physically prepared and approved with wet signature by the bank.
2. Advising Letter:
The bank notifies the guarantee letter to the beneficiary through the correspondent bank via SWIFT system, without the correspondent bank assuming responsibility.
3. Counter-Guaranteed Letter:
Used when the beneficiary company prefers the guarantee of a bank in their own country rather than a foreign bank directly. In this method, the correspondent bank issues its own letter under the guarantee provided by our Bank.
Our Other Foreign Trade Financing
Import Financing
Loans provided to importing companies for financing the products they have ordered.
Letter of Credit
A guarantee issued by the bank ensuring payment to the seller, provided that the required documents are submitted within a specified period.
Vesaik Mukabili
Vesaik Mukabili is a practical and low-cost method that allows the importer/exporter to receive the goods from customs after paying the value of the goods.