Business Overview

Guarantee business is a guarantee provided by Bank of Communications as a guarantor in the form of a letter of guarantee, standby letter of credit and other forms to you for a certain period and amount of time, to assume the responsibility of payment or financial compensation. The guarantee business of Bank of Communications is categorized into financial guarantee and non-financial guarantee.

Processing process

First, you need to fulfill the following conditions:

1. You should pass the customer due diligence process of Bank of Communications and open an official customer number.

2. You should have the ability of continuous operation, good business conditions and benefits, regular, stable and legitimate sources of repayment, and no major adverse credit records.

3. The guarantee business should have a real business background and meet the relevant regulatory compliance requirements.

4. You must have a credit rating and a credit line with Bank of Communications.

Please contact your account manager for details on how to proceed.