Aeroflot increases the limit on SDM-Bank guarantees
In 2012 OJSC AEROFLOT decided to include SDM-Bank in the register of banks, which guarantees the company accepts as a financial security when operating through intermediaries. For SDM-Bank customers that sell air tickets this is the way to work with AEROFLOT without advance payments, which helps to reduce costs and increases the process efficiency.
AEROFLOT updates the limit on the quarterly basis. The limit amount depends on operations terms. Starting October 1, 2014 the limit on SDM-Bank 9-12 month term guarantees (which are in most demand) is USD 3,54 mln.