SDM-Bank becomes a member of State Enterprise Banking Guarantees Register
SDM-Bank is now in the Register of banking guarantees issued in favor of state customers and Moscow state-financed organizations. To initiate it, the Bank has signed a special agreement with the Moscow Competition Policy Department.
The Register introduction helps to significantly simplify the guarantee verification procedure. Now the verification process is all automated, which helps Moscow budgetary organizations to avoid the need to apply directly to the Bank for guarantee verification.
Once SDM-Bank customer holding the guarantee informs the beneficiary (Moscow state customer), this budgetary organization can within 1 day verify the guarantee and learn its basic parameters on «United Electronic Trading Facility» in «Banking Guarantees Register» section.
Therefore a state customer now needs substantially less time to verify guarantees.
All the data on guarantees listed in the register is transferred using secured information channels. All the information is strictly confidential and is only available to the designated beneficiary.