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.

    An independent undertaking

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

    Added assurance

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

    Easy collection

    Pick up your banker’s guarantee from any of our Trade Document Counters and DBS collection branches

    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 Singapore 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 Singapore law and the jurisdiction of the Singapore courts.
    How it Works

    bankers guarantee / standby letter of credit infographics

    Fees

    Please refer to the Trade Pricing Guide.

     

    How to Apply

    If you have a trade credit facility with us:

    Apply online for a cash-backed Banker’s Guarantee.

     

    Download PDF
    Banker’s Guarantee / Standby Letter of Credit Application Form
    BG Explanatory Notes
    SBLC Explanatory Notes
    Presentation of Demand and Documents under a BG/SBLC through
    Advance Payment Guarantee Standard Format
    Financial Standby LC Standard Format
    Payment Demand Guarantee Standard Format
    Payment Standby LC Standard Format
    Performance Guarantee Standard Format
    Tender Guarantee Standard Format
    Banker’s Guarantee Advising Factsheet
    Banker’s Guarantee Collection Factsheet
    Banker’s Guarantee Issuance (Corp) Factsheet
    SBLC Collection Factsheet
    SBLC Confirmation Factsheet
    SBLC Issuance (Corp) Factsheet
    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?

    You may refer to the explanatory notes, or contact us for help.
    Where do I find the application format?

    You may refer to the standard formats on this page for commonly used BG/Standby LC. Or ask the beneficiary of the BG/Standby LC to provide a format.
    Where do I collect my Banker’s Guarantee/SBLC?

    You may collect it from any of our Trade Document Counters or collection branches.
    Client Testimonial
    Mr. Jonathan Yap, Director - Starburst Engineering Pte Ltd

    “DBS is prompt, understanding and flexible.”

    Mr Jonathan Yap, Director - Starburst Engineering Pte Ltd

    Get in Touch
    Open Business Account
    Telegraphic Transfer Factsheet
    Telegraphic Transfer Information
    Apply for a Loan
    Apply for Banker’s Guarantee
    Apply for Import Letter of Credit
    Contact DBS BusinessCare

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