Bank guarantees in international trade

Diploma thesis describes possibilities of securing selected risks using bank guarantee instrument, which is used primarily in international trade. The goal is to analyze securing of commercial and territorial risks using bank guarantees, characterize different types of bank guarantees and possibilities of using them on international markets. The first chapter presents risks in international trade and the most common methods of securing - documentary letters of credit, documentary collections, promissory notes, standby letter of credit. The second chapter is devoted to product bank guarantee, introduces types of bank guarantees, exposure process and methods of use. The third chapter presents the Uniform Rules for Demand Guarantees (URDG). The practical part explores the usage of bank guarantees in selected countries (Germany, Russia, USA, China, India) and describes different approach to this product. Thesis has to help readers quickly find their way in a relatively complicated topic of bank guarantees, especially in case of trading on international market. The last part can help in case of trading with specific countries