NAS usually uses the following procedure:

NAS provides an application form to interested parties on its website (www.nas-ltd.com), to be completed and submitted together with various significant documents listed in the application form.

The applicant receives a confirmation of receipt. NAS examines the project, and within an appropriate period, depending on the scope of the business in question, notifies the applicant whether NAS is interested in such an involvement.

If the project fulfills the initial requirements, NAS will arrange for a personal meeting with the client. If this meeting results in mutual agreement, the client will receive a letter explaining any further procedures which may be required; this letter must be accepted and confirmed by the client.

Following this, a written agreement is signed regarding due diligence activity between the client and NAS. For the audits and evaluations, NAS requires documents and information in the same scope as deemed necessary by banks for similar processes. Prior to the auditing process, NAS will request payment of an agreed-upon due diligence fee.

If the due diligence review yields positive results, NAS is prepared to obligate itself to take over the liability concerned; the imposition of conditions or the provision of collateral contributing to risk minimization is usually required. The invoice for the risk premium is issued at the same time. Upon fulfillment of conditions, assignment of collaterals and the receipt of the payment of the premiums, the surety certificate is issued for the beneficiary.