Encyclopedia
Guarantee deposit of a foreign bank branch
The guarantee deposit of a foreign bank's branch is formed in order to ensure the performance by the foreign bank of obligations under contracts concluded in the course of its activities on the territory of the Russian Federation through its branch1.
Law of the RSFSR dated 02.12.1990 No. 395-1, "On Banks and Banking Activities in the RSFSR". 1990, as amended on 2024-08-08, art. 11.2-1. ↩