dbs-bankers-guarantee

Banker’s Guarantee / Standby Letter of Credit

Provide assurance and peace of mind to your beneficiaries

Banker’s Guarantee / Standby Letter of Credit

Provide assurance and peace of mind to your beneficiaries

    At a glance

    Reassure your buyers or sellers of payment no matter what happens.

    undertaking

    An independent undertaking

    Banker’s Guarantees are independent undertakings which help to mitigate payment risks for the beneficiary

    assurance

    Added assurance

    We will pay to your beneficiaries upon receipt of a claim that complies with the terms of the guarantee

    Features & benefits
    Uses of Banker's Guarantee / Standby Letter of Credit
    • Payment Guarantee
      Protects the beneficiary if the applicant fails to honour the payment under their contract.
    • 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.
    • Performance Bond
      Some bidding contracts require the successful bidder to provide a performance guarantee to protect against a default.
    • Financial Guarantee
      This helps the applicant’s overseas subsidiaries obtain financing or credit facilities from banks.
    Conditions of Guarantee
    • Can be issued by DBS Hong Kong or 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 Hong Kong S.A.R. law and the jurisdiction of the Hong Kong S.A.R. courts.
    How it works

    How to apply

    Apply via DBS IDEAL or get in touch with us

    Download PDF
    pdf-file-icon
    Smart Form (Save a PDF and open with Acrobat Adobe Reader)
    (616.5KB)
    pdf-file-icon
    Trade Finance Service Fee Schedule
    (135.6KB)
    FAQs
    When do I apply for a Banker’s Guarantee or a Standby Letter of Credit?

    The beneficiary will specify what to apply for.
    How do I complete the application form?

    Please call us at 2290 8068 for assistance.
    Where do I find the application format?

    The format is usually provided by the beneficiary, so please ask them for a copy.
    Where do I collect my Banker’s Guarantee/SBLC?

    Our trade operations officer will contact you to arrange your preferred collection point.
    Get in touch
    mail

    Make an online enquiry

    call

    Call

    DBS BusinessCare
    Tel: +852 2290 8068
    Operating hours: 
    Mon to Fri – 9.00am to 6.00pm
    Sat – 9.00am to 1.00pm
    (excluding PH)