Bangkok Bank will issue Letters of Guarantee (L/G) to assure your counterparties that the terms of the contract will be fulfilled. If you don’t fulfill the contracts, we will be responsible on your behalf as stated in the letters. The L/G can be issued for many business purposes including:
- Bid bonds
- Performance bonds e.g. hiring contract performance bond, payment performance bond, electricity guarantee
Guarantee Limit
As per Bangkok Bank’s conditions
Guarantee Term:
Minimum of 90 days
Collateral:
Deposits, property, or as prescribed by Bangkok Bank