Bank Guarantee Facility (Exim Bank)

Bank Guarantee Facility (Exim Bank)

The guarantee facility is available to facilitate the issuance of bonds for overseas contract undertaken by Malaysian contractors and also to enable Malaysian investors to raise funds in overseas.

Purpose: To facilitate bond and guarantee issuance requirements including Tender/Bid Bond, Performance Bond, Advance Payment Bond, Standby Letter of Credit (SBLC), etc.

Eligibility: Against overseas contracts only or investments.

Tenor/ Period of Guarantee: Up to the requirement of the contract or funding requirement of investment project.

Commission/ Service charge Up to a maximum of 3.0 % p.a.

Security: Any but not limited to the following: –
– Cash Collateral
– Corporate Guarantee
– Shareholders and / or Directors Guarantee
– Assignment of relevant contracts, agreements and insurance policies.