Performance Bank Guarantee Issuance

Performance Bank Guarantee Issuance

CB bank can issue Performance Bank Guarantee on behalf of the customer once the contract / tender is won.

REQUIREMENTS

  • Application for Performance Bank Guarantee

  • Format of Bank Guarantee from relevant Authority / Government / Ministry

  • Authority to Debit Account

  • Cash Margin / Credit Facility against Collateral
Process

  • CB Bank customer will apply for Performance Bank Guarantee with format of the guarantee required by the relevant authority/ Government/ Ministry

  • Bank will check existing BG Limit / Create a Facility against Collateral / Deposit percent cash margin with CB Bank

  • Bank will check the contents of the Guarantee and issue the Bank Guarantee if the terms and conditions are acceptable

  • Upon expiry of the Bank Guarantee the original Performance Bank Guarantee to be returned to the counter of CB Bank for release of cash margin or the collateral.
RATES AND FEES (SUBJECT TO CHANGES)

Pre-arranged fees & charges
Other similar Bank Guarantee services

Issuance of Performance Bank Guarantee from overseas against Counter Guarantee from Correspondent Banks