What is AOFI issue of guarantees?
The AOFI issues guarantees, counter guarantees, framework lines for guarantees issue, guarantees for import of equipment and production material necessary for preparation of production for export, especially for small and medium-size companies, avals and other securities for export operations and foreign investments, as well as guarantees and securities to Exporters for operations in domestic market if in that way exporting potential of the clients increases, on the condition that the amount of the guarantee must not be bigger than the export in the current year or the value of export contracts. Support through guarantees includes issue of performance and payment guarantees.
