Banker's Guarantee & Standby Letter of Credit | OCBC Business Banking SG

Banker’s Guarantee / Standby Letter of Credit

Provides payment assurance to grow your business with your important partners

Why you will love this

Tap on our strong credit standing to fulfil your obligations

In-depth industry knowledge to meet your needs

Customised and flexible solutions

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.
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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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Banker's Guarantee

For customers with a Banker's Guarantee facility, please log in to OCBC Velocity or you may complete the following forms.


For customers without a Banker's Guarantee facility, please complete the following forms and email to BusinessBG@ocbc.com.


OCBC Standard Banker's Guarantee Formats





Please visit any of our Business Banking Centres if you need futher assistance.

or

Standby Letter of Credit

For customers with a Standby Letter of Credit facility, please log in to OCBC Velocity or you may complete the following forms.



For customers without a Standby Letter of Credit facility, please complete the following forms and email to BusinessBG@ocbc.com.



Please visit any of our Business Banking Centres if you need futher assistance.