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Zagrebačka banka d.d.

Zagrebačka banka d.d.

Zagrebačka banka d.d.

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Letter of credit banks by Zagrebačka banka d.d.

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A guarantee is a security instrument in domestic and international business whereby a bank guarantees to the beneficiary that it will, if the principal debtor fails to fulfil his obligations, pay the amount covered by the guarantee. The beneficiary is certain that it will settle its claim, whereas the debtor is certain that the payment under the guarantee will be executed only according to the terms and conditions specified in the guarantee.

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