Bank Guarantee

null

HongLeong Bank Logo
  • singapore
  • hong kong
  • vietnam
  • cambodia
  • LAN A
  • LAN B
  • LAN C
  • Our Story
  • News & Updates
  • Investor Relations
  • CSR
  • Awards
  • Management & BODs
  • Career
  • Deposits
  • Credit Card
  • Loans
  • Insurance
  • Investment
  • Remittance
  • Hong Leong Connect
  • Credit Card
  • Personal Loans
  • Current / Saving Account
  • Latest Promotions
  • Import Financing >
  • Bank Guarantee
Bank Guarantee

Have Hong Leong Bank as your Guarantor

Apply Now
I’m interested

General Features

  • General Features
  • Features & Benefit
  • Pricing
  • Find Us
  • Product Disclosure Sheet
  • The Bank acts as guarantor and will pay an agreed sum if the customer fails or defaults in fulfilling his obligations under the BG
  • There are two types of bank guarantees i.e.  Financial and Non-Financial Bank Guarantees (BG):-
    - Financial Guarantees are defined as guarantees issued by the Bank for its customers, favoring a third party under which the Bank agrees to pay the third party if the customer is unable to pay the amount due to the third party.

    - Non-Financial Guarantees are broadly classified as performance bond guarantees. Such guarantees are those issued by the Bank for its customers favoring a third party, under which the Bank agrees to indemnify the third party should the customer fail to perform in accordance with the terms and conditions of the specific contract entered into.
  • All BGs issued must be specific as to the amount and period of liability including claim period.

The Bank Guarantee (BG)

  • A written undertaking issued by the bank at your request in favour of a third party (the beneficiary), guaranteeing payment in case of default or non-performance of a certain requirement.
  • Issued in a timely manner and acts as a formal and trustable source of undertaking that supports business needs.

More details

Less details

Commission ranging from 0.10% per month or part thereof or as per rate specified in the Letter of Offer.

Please refer here for details on trade fees and charges.

Location and Contact Numbers of Trade Services Centres

Location and Contact Numbers of Trade Window

English

Product Disclosure Sheet - All Trade Products Available

Bahasa Malaysia

Product Disclosure Sheet - All Trade Products Available

People also viewed these

Edit here to enter details for productdetail page promotion
letter of credit promo tile en
Business and Corporate Banking
Letter of Credit

Find Out More

bankers acceptance promo tile en
Business and Corporate Banking
Banker's Acceptance

Find Out More

Please contact your Relationship Manager, Trade Sales Manager or call us at (603) 7661 7777


Connect with Us

Branch Locator
Our Artificial Intelligence Advisor is ready to assist you

Chat with us

×

External Link Disclaimer

You are leaving Hong Leong Bank's website as such our Privacy Notice shall cease. We wish to remind you on our terms on the use of links, Disclaimer and Reservation of Intellectual Property Rights.

Continue