Performance guarantees: bidding, contract performance, project repayment, maintenance, and retention.
Payment guarantees: payment by installments and credit for importing equipment.
Debt guarantees: loans and financial leasing.
Other guarantees: customs duties (customs), overdrafts, bills and goods.
Requirements for a Guarantee Application
·Holds an account with CMB;
·Capable of executing the contract under the guarantee;
·Performs the business activity related to the guarantee;
·Has adequate amount of security deposit with CMB and a counter guarantee for the difference;
·Other applicable requirements.
All the contents stated above are for your reference only. Please consult the local branch of China Merchants Bank for further information. China Merchants Bank reserves the ultimate right of interpretation for the contents in this page.