- Trade
- Bank Guarantee/SBLC
- Bank Guarantee
Bank Guarantee / Standby Letter of Credit
Provide assurance and peace of mind to your beneficiaries
- Trade
- Bank Guarantee/SBLC
- Bank Guarantee
Bank Guarantee / Standby Letter of Credit
Provide assurance and peace of mind to your beneficiaries
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An independent undertaking
Bank Guarantees are independent undertakings which help to mitigate payment risks for the beneficiary
Submit your application through any DBS branch, or DBS IDEAL
![money](/documents/1055266/18798875/024.png/c90e330d-7433-8f41-b0e0-8e1f1d04ff23?t=1576046591639)
Added assurance
We will pay to your beneficiaries upon receipt of a claim that complies with the terms of the guarantee
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Easy collection
Pick up your bank guarantee from any of our DBS branches
Uses of Bank Guarantee / Standby Letter of Credit
1. Payment Guarantee - Protects the beneficiary if the applicant fails to honour the payment under their contract.
2. Bid Bond - Enables the applicant (bidder) to use DBS credit to support the bid. Can also be used to assure the successful bidder that the contract will be met.
3. Performance Bond - Some bidding contracts require the successful bidder to provide a performance guarantee to protect against a default.
4. Financial Guarantee - This helps the applicant’s overseas subsidiaries obtain financing or credit facilities from banks.
- The Guarantee can be issued by DBS India or by our overseas branches/correspondents, according to the guarantee format provided by the applicant
- Guarantees issued in favour of beneficiaries must be for a specific amount, expiry date and claim period
- Guarantees should not be assigned to other parties
- Guarantees are subject to Indian law and the jurisdiction of the Indian courts
Schedule a callback via this online form.
Alternatively, you can reach us at 1800 103 6500 / 1800 419 9500
Email: [email protected]
Where do I find a Bank Guarantee/Standby Letter of Credit format? | |
The format is usually provided by the issuing bank or the beneficiary of the Bank Guarantee/Standby Letter of Credit. Alternatively, you may get a copy from your Relationship Manager or contact us at [email protected]. |
Simply submit your application form and a copy of the guarantee format at any of our Branches or via IDEAL™. Alternatively, please send us an email at [email protected] and we will be glad to assist you.
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