Encyclopedia

Performance of the guarantor's obligations under a bank guarantee


The performance of the guarantor's obligations under a bank guarantee is the actual receipt of monetary amounts into an account on which, in accordance with the legislation of the Russian Federation, operations with funds received by the customer are accounted for (ceased to be effective as of 2019-01-01)1.

  1. Federal Law No. 44-FZ dated 05.04.2013 "On the Contract System in the Field of Procurement of Goods, Works, and Services for State and Municipal Needs", as amended on 2013-04-05, Article 45, paragraph 4, ceased to be effective as of 2019-01-01 // Official Gazette of the Russian Federation. 2013. No. 14. Item 1652. ↩

Laws with commentary

Codes and federal laws