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Line for guarantees, letters of credit and sureties
We'll execute your orders quickly
About line for guarantees
Do you use guarantees or letters of credit? Get our line with a renewable limit. You can combine it with other credit products within the multi-product limit, also for affiliated companies.
Use the limit flexibly. You do not need additional contracts for individual products.
- Select products freely within the line (guarantees, re-guarantees, sureties, stand-by letters of credit)
- Don't wait for our decision for each transaction
- Receive guarantees, sureties and letters of credit from us immediately
- Use products in different currencies
FAQ
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For how long can I get the limit?
We give a limit of 12 months. During this time, you can order a guarantee (with a maturity of 36 months) or the opening of a letter of credit (with a maturity of up to 12 months).
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What products can I use within the line?
You can use bank guarantees, counter guarantees, civil sureties, and documentary letters of credit.
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How do I order products within the line?
You can place an order online in Millenet for Corporate, in the Trade Finance module.
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What does it mean that the line is renewable?
The amount of an expired or settled guarantee, counter-guarantee, civil surety or documentary letter of credit renews the limit for subsequent transactions. You can check the available limit at any time.
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In what currencies can I use the products within the line?
You can use products in currencies from the Bank's Table of Foreign Exchange Rates. We grant the line in PLN. We convert foreign currencies into PLN according to the average exchange rate of the National Bank of Poland on the day of order execution.