Guarantees and Standby Letter of Credit

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    Close deals with assurance

Overview

We offer a wide range of Banker’s Guarantees and Standby Letter of Credit (SBLC) that assures your beneficiaries of payment upon our receipt of a demand under the Guarantee or SBLC.

Why Choose UOB

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Leverage UOB’s strong credit rating

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Extend your connections through UOB Group’s extensive network

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Manage trade transactions more efficiently

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Enhance the acceptability of your business proposition and secure your deal by applying for a UOB Banker’s Guarantee or SBLC.

 

Gain direct access to trading parties worldwide through UOB Group’s extensive network of regional office and worldwide correspondent relationships, as well as in-depth understanding of in-country regulations, operating environment, business practices and risks.

 

Take advantage of our electronic channels to help you manage your trade transactions more effectively

  • UOB Business Internet Banking Plus (BIBPlus) - Allows seamless electronic submission of applications and timely update of transaction records. Find out more

  • UOB eAlerts - Receive trade alerts on the status of your import transactions. Find out more

Type of Guarantees and SBLC

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Banker’s Guarantee

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Standby Letter of Credit (SBLC)

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  • Provide your beneficiary with a payment undertaking from UOB (guarantor) by issuing them a banker’s guarantee. UOB will pay your beneficiary upon receipt of a demand under the banker’s guarantee.

  • Some commonly used banker’s guarantees:
    • Bid Bond
    • Performance Bond
    • Warranty Bond
    • Advance Payment Guarantee
    • Financial Guarantee

The SBLC operates like a banker’s guarantee except that it has a different format and governing rules.

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Download Form

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Trade Services Forms

Download

Apply Online

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For existing BIBPlus users, you may apply online

Apply Now

Call Us

Call us at 1800 226 6121

(Mondays to Fridays, 9.00am to 6.30pm, excluding public holidays)

Via Branch