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.