NotiPass_80%K-Trade Connect will be closed on December 11, 2019 at 10:00 p.m. and resuming services on December 12, 2019 at 02:00 a.m. $More Details.%/en/announcement/Pages/SystemMaintenanceK-Trade-Connect.aspx
/en/business/international-trade/credit-guarantee/pages/inter-bank-guarantee-standby-lc.aspx
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International Bank Guarantee / Standby L/C
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Trusted partner for your international business expansion.
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Reassure trade partners.
With the our international bank guarantee/standby L/C acceptable worldwide.
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Penetrate new markets, worldwide.
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Risk advisory services.
On risks arising from terms & conditions in the letter by our extensive global network.
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Service Details
| Conditions |
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| The wording in the guarantee or standby L/C must be approved by the bank |
| Fees |
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| Depends on the type of guarantee standby L/C, varying from 1.5% to 2.5% per year, minimum 1,000 baht |
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How to Apply
| How to Apply |
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- A guarantee or standby L/C application is first submitted by the customer
- The bank checks the application, related documents, and credit line availability for approval
- Upon approval, the customer pays the fees, and the bank issues a guarantee or standby L/C to the foreign beneficiary and delivers a copy of the document to the applicant
- The agent bank in the foreign country informs the beneficiary about the guarantee or standby L/C
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Frequently Asked Questions
If the manufacturer isn't paid for the goods, how far does the bank's responsibility extend?
The beneficiary receiving benefits from the guarantee can claim the issuing bank guarantee if the persons requesting this service do not comply with the terms of the guarantee.
How much does the collateral need to be? What is required?
The collateral will vary depending on each customer's circumstances.
Fees and interest are the responsibility of the guarantor?
The person requesting the guarantee is responsible for the fee.
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