A written document issued by the bank to the seller at the request of the contract buyer to guarantee the buyer's performance of payment obligations under the contract for the purchase of goods, technology, patents or services。
Product function
The guarantee of payment of the contract price。
Product characteristics
1.Solve the problem of mutual distrust。Banks rely on their own good reputation to intervene in the transaction as a guarantor, provide guarantee for the parties, and promote the smooth execution of the transaction。
2.Guarantee of performance of contractual obligations。Ensure the normal performance of the contract。
3.The guarantee of payment of the contract price。Guaranteeing the timely payment of goods is similar to a letter of credit in commodity trade。
4.Wide range of use, not only can be used for commodity trade, but also can be used for engineering projects。
Related expenses
Payment guarantee fees shall be charged in accordance with the charging principles and rates determined by the relevant regulations of our bank. Foreign currency guarantee fees shall be charged in accordance with the RMB guarantee。
Applicable customer
The buyer in the sale contract, the owner (tenderer) in the project contract, etc。
Application conditions
1.Having a legal person's business license or other valid documents that have been inspected annually to prove the legality and scope of its business;
2.Have a loan card;
3.Have an account opening license and open a settlement account with our bank;
4.Having the qualification to engage in the corresponding business (such as foreign contracting qualification, construction enterprise construction qualification, etc.);
5.Have a line of credit with us or pay a full margin or provide a full guarantee acceptable to us。
2.Have a loan card;
3.Have an account opening license and open a settlement account with our bank;
4.Having the qualification to engage in the corresponding business (such as foreign contracting qualification, construction enterprise construction qualification, etc.);
5.Have a line of credit with us or pay a full margin or provide a full guarantee acceptable to us。
Handling procedure
1. Application for letter of Guarantee
1.The applicant fills in the letter of guarantee application or the letter of guarantee contract;
2.The applicant submits a security deposit or other counter-security;
3.The applicant submits basic materials related to the contract;
4.The applicant shall submit other necessary materials required by the bank for the issuance of the guarantee。
1.The applicant fills in the letter of guarantee application or the letter of guarantee contract;
2.The applicant submits a security deposit or other counter-security;
3.The applicant submits basic materials related to the contract;
4.The applicant shall submit other necessary materials required by the bank for the issuance of the guarantee。
2. Review and issue of letter of guarantee
1.The bank shall review the customer qualification, basic transaction and related materials;
2.The bank implements the collateral of the customer's margin or credit line;
3.The bank reviews the written application and the form of the letter of guarantee;
4.Guarantee issued。
Warm reminder
1.Guarantee modification: Modify the terms of the guarantee according to the needs of the guaranteed and the beneficiary, such as extending the validity period of the guarantee。
2.Letter of guarantee payment/compensation: Once the beneficiary claims occur within the validity period of the letter of guarantee, the applicant shall be notified in time, and the guarantee bank shall fulfill the payment obligation after reviewing the claim documents and confirming that they comply with the requirements of the claim terms of the letter of guarantee。