eGuarantee@Gov Programme

    • eGuarantee@Gov ProgrammeeGuarantee@Gov Programme

      Issue electronic BGs with UOB on eGuarantee@Gov

      Issue electronic BGs
      with UOB on eGuarantee@Gov

    Overview

    UOB is the chairman bank of The Association of Banks in Singapore (ABS). We have led the eBG taskforce under ABS’ Digitalisation Standing Committee, and worked with Ministry of Finance (MOF) and Monetary Authority of Singapore (MAS) to launch the eGuarantee@Gov programme. This enhances our capability for you to issue eGuarantees favouring Singapore Government Agencies.

    Under the eGuarantee@Gov programme, the original hardcopy Banker’s Guarantee (BG) will no longer be required by participating Government Agencies and UOB will submit your BG data electronically.

    eGuarantees can be issued to these participating Government Agencies for purposes such as procurement, revenue contracts, land sales and regulatory/licensing requirements.

    Benefits

    Save time with faster digital issuance

    Reduces time for review with standardised eGuarantee templates

    Eliminate costs of pickup & courier of physical BG

    How it works?



    How to Apply

    Step 1 BG Applicant checks eGuarantee@Gov website to identify the Government Agency, the corresponding eGuarantee template, as well as the Template Reference.

    Complete your BG and eGuarantee application forms.
    Step 2 Submit both the completed application forms to UOB through our UOB Infinity portal; Express BG; through CamelONE Trade Finance (TFAP) or over-the-counter.
    Step 3 UOB issues the eGuarantee by sending the BG dataset to the Government Agency via the Networked Trade Platform (NTP).
    Once your eGuarantee has been lodged successfully, the Government Agency will inform you on the next step of your procurement or licensing process.

    Contact Us

    Call Us

    For any queries, please call our Corporate Transaction Service Hotline at 6878 0707. (Operating hours 9am to 6pm, Mondays to Fridays, excluding Public Holidays.)

    Apply Online

    For existing UOB Infinity users, you may apply online.

    Apply now

     

    If you do not have UOB Infinity, please subscribe to UOB Infinity.

    Apply now