Z7_8PG4HBS0O05R40QAKN20S324M6

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Z7_8PG4HBS0O05R40QAKN20S324M3

Ensure the obligation
of bidder

Increase the credibility of corporation

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Benefits

Improve reputation

Improving the reliability and reputation in business relationship.

Flexible publish

Flexibly issue guarantee letter in the form of VIB and customer sample. Fast and simple procedures.

Confirm easily

Easy to confirm the authenticity of VIB-issued guarantee: The guaranteee / guaranteed party can check the guarantee letter's information through VIB website

Z7_8PG4HBS0O05R40QAKN20S324E6
Features
Customer

Corporate customer have needs to issue bid guarantee to ensure the fulfillment of financial obligations to partners.

Condition
  • Customer has sufficient civil legal capacity and civil act capacity as prescribed by law
  • Obligation to be guaranteed is a legal financial obligation.
  • Customer has the ability to properly and fully fulfill the commitment obligations to related parties in the guarantee relationship.
  • Guarantee obligation is secured or unsecured.
Loan to value

As per VIB's regulation

Tenor

Depend on agreement between VIB and related parties

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