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.

 

IMPORTANT NOTICE: With effect from 1 September 2019, UOB Trade Services Fees will be updated. For more details on the changes, please click here.

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

Express Banker's Guarantee

Express Banker's Guarantee

Adhoc online application against cash margin.

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Banker’s Guarantee

Reassure your counterparty.

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letter-credit

Standby Letter of Credit (SBLC)

Similar instrument to Banker’s Guarantee.

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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
  • 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.

 

Value-added Services

Monitor your trade transactions with UOB eAlerts!

Monitor your trade transactions with UOB eAlerts!

Find out more
Simplify your trade processes by submitting your trade transactions via BIB

Simplify your trade processes by submitting your trade transactions via BIBPlus

Find out more

Fees and Charges

For more information on fees and charges, please click here.

Apply Now

Download Form

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Trade Services Forms

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Apply Online

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For existing BIBPlus users, you may apply online.

Apply now

 

If you do not have BIBPlus, please subscribe to BIBPlus.

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Call Us

Call us at 1800 226 6121

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

Via Branch