Bank guarantee limit
If your company needs bank guarantees regularly, the bank can grant you a bank guarantee limit. Under the limit you can quickly and conveniently apply for bank guarantees. As bank guarantees taken out from the limit expire, a corresponding amount of the limit becomes available again.
The issuance of a bank guarantee limit requires a credit decision at a Nordea branch.
The bank and the customer make a written agreement on the bank guarantee limit. The customer’s rights and obligations when applying for guarantees and when they are issued are specified in the agreement. As a limit customer you can start using the bank guarantee service in Netbank or Trade Finance Net Services and send your bank guarantee applications to the bank electronically. In the service you can moreover browse your existing bank guarantees with various search criteria.
Advice on bank guarantees
If your company needs bank guarantees regularly, the bank can grant you a bank guarantee limit.
You can send your bank guarantee applications to us via Netbank. You can also browse your existing guarantees there.