This service provides convenience for customers who need to use Letter of Guarantee or Standby L/C in engaging with the international business partners, including bidding, guarantee or using as securities for products payment, etc., focusing at the bank customers who conduct import or export business or construction bidding or international services.
Since the bank existing customers who have to sell products or bid for construction projects abroad have the need to use guarantee letter to submit bid, sell products to international buyers or bid in international organizational or governmental construction projects with BID Bond, and after being awarded the bid, they are required to submit Performance Bond and occasionally they to submit Retention Bond to guarantee their work or products quality at the same time. When customers order products, the sellers may ask for the guarantee letter or standby L/C to guarantee product payment in place of L/C.
Therefore we launch of Guarantee or Standby L/C issuance/ amendment service for international beneficiary offering customers the convenience of using the bank’s guarantee letter for their international business benefits.
Service Terms / Conditions
Having L/G or Standby L/C credit line with the bank
Having L/G or Standby L/C credit line
For customers without a credit line, the specific credit line will be required using only in case of issuing the letter of guarantee
Submitting documents to issue L/G or Standby L/C is available at the branch of customers’ account or at international business center or international trade department
Letter of Guarantee or Standby L/G form must be in the form of regulated by the bank or approved by legal department and the authorized bank’s personnel
Bank L/G Application
If you have any questions, please contact the Call Center Trade Finance Service Tel. 0-2208-3777
For more information, please contact