The beneficiary is protected from non-fulfillment of contractual obligations from the other party (in terms of payment or delivery of goods / services). For example, if the customer fails to fulfill his contractual obligations, ProCredit Bank executes payment upon the request of the seller, after the presentation of the documents specified in the text of the guarantee. If the conditions are met, then the payment is made to the user (up to the maximum amount of the guarantee) unconditionally.
The guarantee is protected against unwarranted guarantee activation. If the guarantee user does not deliver the goods or services in accordance with the agreed terms, he / she will not be able to submit the documentation confirming the delivery, quality or quantity of the delivered product or service and will not receive payment.