Banker’s Guarantee / Standby Letter of Credit

Provides payment assurance to grow your business with your important partners

Provides payment assurance to grow your business with your important partners
Why you will love this

Tap on our strong credit standing to fulfill your obligations

In-depth industry knowledge to meet your needs

Customised and flexible solutions

Need to issue an eGuarantee to a Government Agency or Statutory Board?

Digitally delivered almost instantly upon issuance

Save time and cost without having to deliver paper guarantees

Secure and authenticated channel, no more worrying about paper guarantee being lost in transit

Features and benefits

Guarantee performance or financial payment

Providing assurance to your beneficiary, reducing the need for high security deposits.

Providing assurance to your beneficiary, reducing the need for high security deposits.

Smoothens transaction terms

Ensuring payment to your beneficiary, providing certainty

Ensuring payment to your beneficiary, providing certainty

Seamless online experience

Apply and manage your trade finance transactions on desktop or mobile and get real-time status updates

Apply and manage your trade finance transactions on desktop or mobile and get real-time status updates

How it works
Process for direct and indirect issuance

Step 1

Pre-issuance
If beneficiary is in Singapore, guarantee will be issued by OCBC Singapore. If beneficiary is outside Singapore, check with beneficiary whether issuance by OCBC Singapore is acceptable or issuance to be done by a bank in beneficiary’s country.

Step 2

Pre-issuance
Submit the application form together with the agreed guarantee format.

Step 3

On Issuance
OCBC issues the guarantee if the terms and conditions are acceptable.

Step 4

Post-issuance
Issued guarantee delivered to beneficiary or self-collected by you, in accordance with your instructions.

Step 5

Post-issuance
Your indemnity to us will be released, if no demands are made under the guarantee and after the bank determines that its liability has been terminated according to the terms of the guarantee.
Digitalise your trade finance on OCBC Velocity
Don’t have OCBC Velocity?

Don’t have OCBC Velocity?

Apply for OCBC Velocity to perform your first trade finance transaction and manage your trade finance portfolio on-the-go.

Fees and charges

Download the Banker’s Guarantee / Standby Letter of Credit pricing guide

Ways to apply

Apply for a Banker's Guarantee or Standby Letter of Credit today

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Our awards and accolades
Log in to OCBC Velocity to apply now. Users with the OCBC Velocity Basic Service Package will need to upgrade to Standard or Classic service package to access this feature. If you do not have Velocity, you may download the forms here.