Guarantee and Commitment

A Loan Commitment Letter refers to a written instrument by which ABC is committed to granting loans from time to time within a period in the future and within the funding limits of the agreed loan. more 》

Bank Guarantees include performance guarantee, advance payment guarantee, bid guarantee, warranty guarantee, retention money guarantee, counter guarantee for tax payment, and customs risk margin guarantee. more 》

Advice of L/G means that ABC verifies the apparent authenticity of the L/G from a foreign bank and then notifies the beneficiary as requested by the guarantor. more 》

The Shipping Guarantee is issued by ABC upon the customer's request for the purpose of receiving goods which has reached the port, while the original bill of lading under the L/C, issued in favor of the customer, has not been received. more 》

The Financing Secured by Domestic Enterprises is a type of international financing guarantee provided by ABC for domestic enterprises investing abroad. Under this service, on the basis that the domestic enterprise (the Applicant) presents the unconditional and irrevocable counter guarantee to ABC, an ABC domestic branch issues a letter of guarantee or standby letter of credit to an ABC overseas branch or correspondent bank (the Beneficiary) for a wholly-owned subsidiary (the Borrower) or affiliate of this enterprise; the overseas branch or correspondent bank then offers financing to the Borrower. more 》