Other Trade Products

Banker’s Guarantee/Standby Letter of Credit

Provide payment assurance to your beneficiaries

Reassure your buyer or seller of payment with a Banker’s Guarantee/Standby Letter of Credit. In the event that you fail to fulfil your contractual obligations, we will honour payment to your beneficiaries upon receipt of a claim that complies with the guarantee terms.

 

Why choose DBS Bank (Taiwan) Ltd Guarantee/Standby Letter of Credit?

  • Grow your business with the Best Trade Finance Bank in Singapore, as named by Alpha Southeast Asia and The Asia Banker in 2012. DBS Group also received this accolade from Global Finance in 2012, for the 8th consecutive year
  • Leverage our "AAA(Taiwan)" and " twAAA" credit rating to provide your beneficiary with payment assurance upon receipt of claims made out in compliance with the guarantee terms
  • Ensure all your working capital needs are met. We offer a full range of financial solutions

 

Product Features

  • A Banker’s Guarantee/Standby Letter of Credit can be used as a:
    • Payment Guarantee – This protects the beneficiary in the event that the applicant fails to honour the payment under their contract
    • Bid Bond – This enables the applicant (bidder) to use DBS’ credit to support the bid, and can also be used to insure 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
  • The Guarantee can be issued by DBS Bank (Taiwan) Ltd or by our overseas 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
  • Unless otherwise agreed by us, guarantees should not be assigned to other parties

FAQs

How do I complete the Banker’s Guarantee/Standby Letter of Credit application form?

Please call our banker’s guarantee officers at 0800-808-889 (or+886-2-6612-9889 if you are overseas).

Where do I find a Banker’s Guarantee/Standby Letter of Credit format?

The format is usually provided by the issuing bank or the beneficiary of the Banker’s Guarantee/Standby Letter of Credit, so please ask them for a copy.

Where do I collect my Banker’s Guarantee/Standby Letter of Credit?

Your Letter of Credit can be collected from one of our three operation hubs located in Taipei, Taichung and Kaohsiung.

Awards

Awards we have won recently
Best Trade Finance Bank in Singapore

Best Trade Finance Bank in Singapore

2012
Best Trade Finance Bank in Singapore

Best Trade Finance Bank in Singapore

2012
Best Trade Finance Bank in Singapore

Best Trade Finance Bank in Singapore

2012
View All

 

How do I apply?

Simply submit your application form at one of our three operation hubs located in Taipei, Taichung and Kaohsiung. Alternatively, you may fax your application form to us at DBS Hub in Taipei if you have signed the fax indemnity form.

Get In Touch

DBS BusinessCare: 0800 808 889

Get In Touch

DBS BusinessCare: 0800 808 889