Bank Guarantee

Secure your contracts

Bank guarantee details

1. The goal of the bank guarantees

2. Customer request

All business enterprises operating legitimately.

3. Amount provided by guarantees

Unlimited, according to the needs of the business.

4. Currency of guarantees

LAK, THB and USD

5. Collateral security

6. Documents required

Request for issuing the guarantee.
Letter form of the collateral (if any).
A copy of the license to run a business.
A copy of the registration of enterprises.
A copy of tax registration.
Summary financial documents, the company’s results report and account activity for the past 3 years.
Copy identification (ID card).
Residence Certificate.
Copy census books.
Other documents required by the bank.

7. Conditions of the guarantee

Actual conditions of the guarantee.

Bank guarantee fees
No	Descriptions	Services fees
1	Domestic bank guarantee
1.1	Issuing Bank Guarantee for bidding or as part of contract (secured by collaterals)	0.25%/month, but the fee is charged for minimum of 3 months and the minimum amount is LAK 120.000 plus LAK 250.000 for evaluation of the collateral or equivalent
1.2	Issuing Bank Guarantee for bidding or as part of contract (secured by Fixed Deposits)	0.15% per month for deposit of other banks · 0.125% per month for deposit of PSVB · The fee is charged for minimum of 3 months and the minimum amount is USD 15 or equivalent for both type of securities
2	Foreign bank guarantee	Refer to correspondent bank fee

Issuing L/C secured by PSVB line of credit
No	Descriptions	Services fees
1	For Loan limit below LAK 800 million, USD 100.000 or THB 3 million	1.5% of the approval limit
2	For Loan limit above LAK 800 million, USD 100.000 or THB 3 million	1.25% of the approval limit
3	Payment of L/C using Loan limit/Line of Credit	The interest is charged according to the lending interest rate and currency since the utilization date by combining the lending interest rate basis + 3%

Business