Guarantees and Standby Letter of Credit

  • guaranteesguarantees

    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

features

Leverage UOB’s strong credit rating

Show moreShow less
world-hand

Extend your connections through UOB Group’s extensive network

Show moreShow less
monitor-transaction

Manage trade transactions more efficiently

Show moreShow less

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

Express Banker's Guarantee

Express Banker's Guarantee

Adhoc online application against cash margin.

Find out more
bank-money

Banker’s Guarantee

Reassure your counterparty.

Show moreShow less
letter-credit

Standby Letter of Credit (SBLC)

Similar instrument to Banker’s Guarantee.

Show moreShow less
  • 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
  • Financial and non-financial SBLC can be issued to markets where your suppliers / buyers prefer an alternative option to Banker's Guarantee.
  • SBLC operates like banker’s guarantee except that it differs in format and governing rules.

 

Apply Now

Download Form

note

Trade Services Forms

Download

Apply Online

online-banking

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