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.