Domestic and International Bank Guarantee
1. Facility features:
Fortifying credibility of clients against their trading partners to bring successful business.
Simple and fast procedure helps customers save time in transactions.
Guarantee forms diversified.
Simple conditions and documents required.
Flexible measures of security.
Competitive service charges and commissions.
Our professional and experienced staff will offer free advices and recommend clients to choose the most efficient guarantees.
2. Subject customers:
Eligible customers who are legal enterprises in Vietnam
3. Purpose:
Bank’s guarantees demanded by clients to participate in bidding, to increase their payment creditability, and to guarantee their contract performance, etc…
4. Tenor:
Defined on the basis of agreed obligation period of the applicant against the guarantee beneficiary, unless otherwise agreed or committed.
5. Forms of guarantee:
Loan guarantee
Payment guarantee
Guarantee against L/C
Bid bond
Contract performance guarantee
Deposit refund guarantee
Warranty guarantee
Counter-guarantee
Guarantee confirmation
Others
6. Modes of guarantee:
Guarantee issuance by letter/cable
Guarantee contract.
Other forms prescribed by law
7. Guarantee conditions:
Clients must be legally eligible, entitled to civil capacity and responsibilities in compliance with the prevailing laws.
Purpose of guarantee must be legal.
Customers must show sufficient financial capability to perform their obligations guaranteed.
If the clients are foreign investment enterprises, they need to comply with regulations on foreign exchange control of Vietnam.
8. Guarantee security:
Security may be in forms of deposit, mortgage, pledge, guarantee and other security measures in compliance with the prevailing laws.
9. Guarantee commissions:
Per SAIGONBANK’s fee scheme published in each period.
10. Guarantee limit:
Based on the client's needs, but not exceeding the value of security asset or collateral.
11. Guarantee currency:
VND or foreign currencies
12. Guarantee application file:
Legal documents of the applicant.
Proof of customers’ financial and business situations.
Application form, documents proving guarantee purpose, proof of clients’ capability to perform their obligations etc…
Documents related to security measures.
Contact:
For further information, please directly contact us at 848-39143183 or approach any transaction point of SAIGONBANK network nationwide.
