Should your foreign client demand a bank guarantee, your bank requires security. With a guarantee by aval, the Republic of Austria assumes part of the domestic risk.
With an export guarantee, you can also cover political risks and potential commercial risks (unfair calling).
You are an Austrian company and your foreign client requires a bank guarantee:
- Bid bond
- Down-payment bond
- Performance bond
- Warranty bond
Our service: Guarantees by aval
When you receive a bank guarantee (aval) from your bank, it can burden your credit line, which can limit your financial leeway.
With a guarantee by aval, some of your bank’s risk – usually 20 to 50% can be taken. This increases your liquidity and security.
|Aval fee||starting at 0.2% p.a|
|One-off processing fee||0.1% of the risk amount to be assumed (minimum 10 euros, maximum 720 euros)|
How to get a guarantee by aval
- You bank makes an application.
- Check and approval
- The Republic of Austria assumes liability.
Even more security with an export guarantee
While a guarantee by aval partially covers the domestic risk, your bank guarantee can also be covered against political risks and in the event of unfair callings.
If, for example, a bank guarantee is used lawfully (fair calling), as an embargo against your buyer country that is binding for Austria makes it impossible to fulfil the contract, the political risk affecting your bank guarantees can be covered.
The G7 guarantee is a perfect addition to a G1 guarantee for deliveries and services, which covers your project from the production phase to the last payment.
Here you can find out more about the G1 guarantee (Supplier Credit).
|Handling fee||0.1% of the sum insured
(minimum 10 euros, maximum 720 euros)
In the case of economic coverage, a supplement of at least 10% is added to the premium.
Forms required for applying for a guarantee by aval
- Application form for single guarantee by aval (only in German)
- Application form for framework guarantee by aval (only in German)
Annual accounts for the last two years
Please send us your balance sheets for the last two years along with the forms. You can easily do this via the Electronic Balance Transfer (eBT).
Overview of bank credits
- Setting up of bank credit (to be filled out by the exporting company) only in German
- Setting up of bank credit (to be filled out by the bank) only in German
- Trade receivables and orders (only in German)
- Redemption form (only in German)
- SEPA direct debit mandate
- Bill of exchange (for banks) only in German
Application form for the export guarantee
Should you also wish to cover political risks and unfair callings, please apply for the G7 guarantee.
Any more questions?