Sviaz-Bank Issued Advance Payment Guarantee in Favor of Elsaq
OREANDA-NEWS. On August 10, 2007 Sviaz-Bank issued the advance payment guarantee for the contractual obligations of the computer equipment delivery and installment, concluded between Elsag and OJSS “MPO Classica”, reported the press-centre of Sviaz-Bank.
The advance payment guarantee was confirmed by Intesa San Paolo.
As for the specific features of the deal, all the payments under the contractual obligations were made in RUR.
A new stage in development of trade finance “International business development program” of Sviaz-Bank is the issue of an international documentary instrument, confirmed by a foreign bank.
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