×
×
Express Bank Guarantee (Express BG)
An undertaking by the Bank to pay a specific amount of money to the Beneficiary in the event of default by the Applicant. This service is offered to facilitate the speedy issuance of a Bank Guarantee with no facility required. Each issuance is in exchange for Cash or Fixed Deposit/Term Deposit-i (FD/TD-i).
Features
Types of Guarantee
1. Tender Bond
2. Security Deposit
3. Performance Bond
4. Advance Payment Guarantee
Eligibility
Account Holder to the Bank either:
1. Individual
2. Sole Proprietor
3. Partnership
4. Society
5. Corporation
Commission
0.125% per month or part of month thereof (Minimum RM250).
Benefits
Easily Accessible
No pre-approved BG facility is required.
Hassle-Free
Speedy and simplified application process.
Flexible
Various options of deposit in exchange for Express BG.
You may also like...
A guarantee issued by the Bank to shipping company or agent on behalf of importers for clearance of purchased goods in the absence of the original Bill of Lading.
Handling of foreign and domestic inward collection documents for buyer/importer based on settlement term agreed with supplier/exporter.
An undertaking by the Bank to pay an agreed sum to the beneficiary in the event that the Guarantee's applicant fails to perform its obligations.
There are more ways to reach us
Back to top
Copyright 2018 Affin Bank Berhad (25046-T).
