Short-term limit for letters of credit and guarantees

Simple approval procedure and quick and efficient use

If your business requires the frequent use of letters of credit and/or guarantees, than the short-term limit for letters of credit or guarantees can enable you to use them quickly and efficiently through a simple approval procedure.

Within the short-term limit for letters of credit and/or guarantees, you can use:

  • documented letters of credit with maturity up to 1 year,
  • performance guarantees with maturity up to 3 years,
  • payment guarantees for settling liabilities arising from 1-year operating lease contracts with a grace period of 3 months.

Both kuna and foreign currency guarantees are granted within the limit.

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