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.
Submit your eGuarantee application through UOB from 2nd November to 31st December 2022 to receive a discount on your issuance commission.
You will be eligible to receive:
Up to S$50 discount from issuance commission if you submit your eGuarantee application manually or up to S$100 discount from issuance commission if you submit your eGuarantee application online. Click here for Terms and Conditions
Save time with faster digital issuance
Reduces time for review with standardised eGuarantee templates
Eliminate costs of pickup & courier of physical BG
|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; 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.