Bank Guarantee
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A bank guarantee is a written undertaking issued by a bank at the request of the applicant. The bank will honour the payment to a beneficiary if the applicant fails to repay the debt or fulfil its contractual obligations.

 

CCB Singapore Branch provides various common guarantees and structured guarantees, major types include bid guarantee, performance guarantee, advance payment guarantee, customs guarantee, payment guarantee, bail guarantee, leasing guarantee, quality/maintenance guarantee, etc.