WIN IN FOREIGN EXCHANGE

Service Profile

The letter of guarantee business refers to the guarantee business that our bank accepts customers' applications to issue in the form of a letter of guarantee or standby letter of credit (hereinafter referred to as the letter of guarantee) in favor of overseas institutions, or receives guarantees from overseas banks in favor of domestic institutions. Letters of guarantee are divided into two types: financing and non financing. Non financing guarantees mainly include bid guarantees, advance payment guarantees, performance guarantees, quality guarantees, payment guarantees, retention guarantees, and tariff guarantees;

Service Advantages

The maximum term of the letter of guarantee/standby letter of credit issued externally shall not exceed one year;

The currency for issuing a foreign letter of guarantee should be a freely convertible currency or RMB.

Service Function

Beneficial to protecting the legitimate rights and interests of relevant parties;

Bank credit as a guarantee is easy for customers of both parties to accept the transaction;

Reduce customer costs.