Security Deposits

Deposits, regulated by national and EU legislation, are used as security in numerous trade situations. In the Czech agricultural sector, the State Agricultural Intervention Fund (SZIF) is responsible for managing these security deposits. Security deposits guarantee rigorous adherence to prearranged terms and conditions, on pain of full or partial forfeit to the national or EU budget.

Manual On Guarantees for Applicants in the Framework of the Common Organization of the Market
(Valid from 22 October 2019)