Bank Guarantee

To do a large-scale business-transaction or implement very expensive project, you are required to have a Bank Guarantee. Depending on different purposes and needs, ACLEDA Bank has established various types of Bank Guarantee of which you can use to fulfil the requirements.

Shipping Guarantee

Shipping Guarantee is a letter that is issued by ACLEDA Bank Plc on behalf of the importer (buyer) to assure the shipping company for damaging, losing, or risking of goods released without documents to the importer. The requirement of this service happens, when goods is in destination before original documents arrival.

Fee Charge

Description	Rate	Other fees
Shipping Guarantee
SGLC (Relating to bill under our L/C)	$30 flat
SG (Relating to inward collection bill handled by us)	0.3% for 2-month	Subsequently 0.3% p.m.
SG (Documents not handled by us)	0.3% p.m.	Not encouraged, risky

Bid Guarantee

The bid guarantee is issued to ACLEDA Bank's customer to fulfil bidding requirements and to insure any claim from third party.

Payment Guarantee

The payment guarantee is issued to ACLEDA Bank's customer to insure his/her sufficient payment to any third party.

Advance Payment Guarantee

The advance guarantee is issued to ACLEDA Bank's customer to insure work implementation which has been paid in advance by a third party.

Performance Guarantee

The performance guarantee is issued to ACLEDA Bank's customer to insure project implementation, especially, construction projects, owned by a third party.

Retention Money Guarantee

Retention Money Guarantee is a type of letter that is issued by ACLEDA Bank Plc for settling to beneficiary for an agreement to give retention money to the requestor, and if he/she did not perform an agreement or contract accurately, the beneficiary can settle from the bank.

Full Margin against Guarantee

Amount Size	Cash			Amendment		Cancellation of BG	Payment of Claim
	Term
	Up to 1 year	From 1-2 years	Over 2 years	Not Amt. & Validity	Amount & Validity
Less than $100,000	0.1% p.m., min.$10 and max.$200	0.125% p.m., min.$30 and max.$250	0.15% p.m., min.$40 and max.$300	$10	0.1% p.m., min.$10 and max.$200	$20	0.125%, min.$20
From $100,000 Less than $500,000	0.1% p.m., max.$250	0.125% p.m., max.$300	0.15% p.m., max.$350		0.1% p.m., max.$250		0.125%, max.$150
From $500,000	Flat $400	Flat $450	Flat $500		Flat $400		Flat $150

Collateral Deposit against Guarantee (facility one year and can be renewal)

Amount Size	Collateral
	Term			Assessment Fees	Amendment		Cancellation of BG	Payment of Claim
	Up to 1 year	From 1-2 years	Over 2 years		Not Amt. & Validity	Amount & Validity
Less than $100,000	0.15% p.m., min.$50	0.15% p.m., min.$75	0.15%  p.m., min.$100	+1% on facility granted +$50 on arrangement doc.	$10	0.15% p.m., min.$50	$20	0.125%, min.$100
From $100,000 Less than $500,000								0.125%, max.$150
From $500,000								Flat $150

Clean Limit against Guarantee (facility one year and can be renewal)

Amount Size	Clean
	Term			Assessment Fees	Amendment		Cancellation of BG	Payment of Claim
	Up to 1 year	From 1-2 years	Over 2 years		Not Amt. & Validity	Amount & Validity
Less than $100,000	0.2% p.m., min.$100	0.2% p.m., min.$150	0.2% p.m., min.$200	+1% on facility granted +$50 on arrangement doc.	$10	0.15% p.m., min.$50	$20	0.125%, min.$100
From $100,000 Less than $500,000								0.125%, max.$150
From $500,000								Flat $150

Note:

• Bank Guarantee also offers you an option to use both cash and collateral together as deposit against guarantee.
• The rates are quoted for indication purpose only and subject to variation. Please contact our nearest branch or our Call Center for confirmation.
• In order to use our Trade Finance Service, customers are required to have an account with ACLEDA Bank Plc. Please contact our officer on how to open an account with our bank if you don't have any.
• Restrictions on opening accounts in certain currencies may apply from time to time according to market conditions. Please check with our bank.