BANKER'S GUARANTEE

Get peace of mind when you make payment to beneficiaries.

Highlight & Benefits



Bankers Guarantee

A Banker Guarantee provides a safety net for the beneficiary against the failure of the principal to fulfil its obligation.



Bankers Guarantee

A Banker Guarantee provides a safety net for the beneficiary against the failure of the principal to fulfil its obligation.

Rates & Charges

Bankers Guarantee
 

Standard Performance Guarantee Obligation

up to 1 year : 1.25% p.a. or Min S$100
> 1 to 2 years: 1.50% p.a. or Min S$100
> 2 years: 1.75% p.a. or Min S$100

Payment in Foreign Currency

up to 2 years: 1.75% p.a. or Min S$100
> 2 years: 2.00% p.a. or Min S$100

Standard Issuance - Financial Obligation

2.00% p.a. or Min S$100

Non Standard Issuance - Financial Obligation

2.50% p.a. or Min S$100

Increase Tenor of Value

1% p.a., Min S$100

Non Standard Issuance

S$50 + Standard Charges

Vetting of Bank Guarantee

Subject to Bank discretion - Min S$200

Amendments

Tenor: Same as Issuance Commission, min S$100
Amount: Same as Issuance Commission, min S$100
Others: S$100
Cancellation: S$200, No Refund

Documents Requirement

Bankers Guarantee Application Form

Express Bankers Guarantee Form

Important Notice

This advertisement has not been reviewed by the Monetary Authority of Singapore.

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