Purpose |
To facilitate bond and guarantee issuance
requirements including Tender/Bid Bond,
Performance Bond, Advance Payment Bond,
Standby Letter of Credit (SBLC), etc. |
|
Eligibility |
Against overseas contracts only or
investments. |
|
Tenor / Period of Guarantee |
Up to the requirement of the
contract or funding requirement of
investment project. |
|
Commission |
Up to a
maximum of 3.0 % p.a. |
|
Security |
Any or not limited to the
following: -
|
Corporate
Guarantee |
 |
Shareholders and / or
Directors Guarantee |
 |
Cash margin |
 |
Assignment of relevant
contracts, agreements and insurance
policies |
|