Your business could leverage this to issue various types of bank guarantees, including: Bid Guarantees, Performance Guarantees, Advance Payment Guarantees, Retention Guarantees, Payment Guarantees, Defect Liability Guarantees, Shipping Guarantees, and Standby Letters of Credit.
| No | Description | Fee Charge |
|---|---|---|
| 1 | Shipping Guarantee under LC | 0.125% p.m (1.5% p.a) |
| 2 | Bank Guarantee Issuance | |
| 3 | Guarantee Amendment | Amount and expiry date: 0.125% p.m (1.5% p.a) |
| All others: $50 | ||
| Guarantee Amendment through Swift |
| |
| 4 | Guarantee Cancellation Requested by applicant (after BG issued) | USD100 flat |
| 5 | Processing Fee (p.a) | 1% of BG amount |
| 6 | Renewal Fee (p.a) | 1% of BG amount |
| 7 | Payment of claim/ drawing (deducted from beneficiary) | 0.125%, min. USD50 |
To help you get started quickly, we have provided all essential Trade Finance application forms here. Simply download and complete the relevant documents to initiate your trade services efficiently.
Terms and conditions are subject to change at the discretion of the Bank without prior notice to the Customer.