The bank guarantee is an additional contractual obligation that supports a contract.
By issuing a bank guarantee the Bank irrevocably undertakes an obligation to pay instead of its client in favor of a third party specified by the client in case of the fulfilment of the guarantee conditions, within a given time and up to a certain limit.
UniCredit Bank issues bank guarantees by order of its clients and grants the registration and authentication service of received guarantees to the benefit of its clients.