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

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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 Infinity (digital banking for business) - 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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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

Electronic Banker’s Guarantee (eBG) Programme

Electronic Banker’s Guarantee (eBG) Programme

Submit your BG data to Singapore Customs electronically

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Monitor your trade transactions with UOB eAlerts!

Monitor your trade transactions with UOB eAlerts!

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Simplify your trade processes by submitting your trade transactions online

Simplify your trade processes by submitting your trade transactions online via UOB Infinity (digital banking for business)

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

Download

Apply Online

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Submit transaction online via UOB Infinity.

Take me to UOB Infinity

 

Note: BIBPlus has been replaced by UOB Infinity on 6 Dec 2020. To access UOB Infinity, please sign in with your BIBPlus login details. Your BIBPlus profile settings will apply.

 

To sign up for UOB Infinity.

Apply now

Call Us

Call us at 1800 226 6121

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

Via Branch