To ensure the project progress of your
business, BCM is well prepared all the time to cater your unprecedented
needs. Varieties of bank guarantee are issued to companies in
facilitating their project financing in different aspects or
for different purposes:
Tender Bonds
It is dedicated to participants in tenders, for which the
bank will guarantee the financing needs for the projects in
case the bid is offered. The company can focus on other preparation
work for the project without funding concerns.
Performance Bonds
With the bank as the guarantor, your project progress and
completion will be ensured. Guarantee is a value-added element
that will increase the quality of your project in terms of
time and process performance. Increasing the competency of
your company means giving extra benefit and confidence to
your clients.
Advance Payment Bonds
By issuing advance payment bonds, you will be able to utilize
the project funds in advance. The earlier you make use of
the proceeds, the more chances for you business to grow, if
you can use the fund in other projects.
Retention Bonds
Your company may need to refinance other projects by proceeds
from previous proceeds. Retention bond is required when part
of your proceeds tied up by your clients for claims. Therefore,
you may consider retention bonds to release your finance pressure,
as the bank can grant you the remaining payments for the retention
portion.
Standby Letter of Credit
Standby Letter of Credit guarantees financial obligations
will be made. When you own the business, assuring your vendors
that they will receive payment is crucial to your reputation.
It can be served as a substitute for a cash deposit of a bid,
or for performance bonds.
For further information, please call:
| Any BCM Branch |
|
| Corporate Banking Department |
At
8791 0250 |
| Bills Department |
At
8791 0212 |
|
