Has anyone applied for a bank guarantee? Is it the same as a letter of guarantee? How does it work?

Summary. The guarantor of a bank guarantee is usually a bank, but it can also be a non-bank financial institution or other institution with credit guarantee capabilities. These institutions need to be approved by the regulatory authorities and provide sufficient guarantee capacity to provide guarantee services as guarantors.

In some special cases, an individual may also act as a guarantor to provide a letter of guarantee service.

The guarantor of a bank guarantee is usually a bank, but it can also be a non-bank financial institution or other institution that has the credibility to sell its reputation and guarantee its ability to improve. These institutions need to be approved by the regulatory authorities and provide sufficient guarantee capacity to provide guarantee services as guarantors. In some special cases, an individual may also act as a guarantor to provide a letter of guarantee service.

You've done a great job! Can you elaborate on that?

The guarantor of the bank guarantee can be the bank or other institutions or individuals with sufficient credit and financial resources. Generally speaking, banks are more reliable and credible as guarantors, as they need to comply with relevant laws, regulations and regulatory requirements in the course of their operations, and at the same time have more experience and resources in risk management. However, if the reputation and financial resources of other institutions or individuals are strong enough, they can also act as guarantors to provide bank guarantees, and the guarantor can be a bank or other institutions or individuals with sufficient credibility and financial resources.

Generally speaking, banks are more reliable and credible as sole insurers, as they need to comply with relevant laws, regulations and regulatory requirements in the course of their operations, and at the same time have more experience and resources in risk management. However, if the credibility and financial resources of other institutions or individuals are strong enough, they can also be provided as guarantors.

1. The procedures for handling the bank performance guarantee are as follows:

1. The applicant needs to fill in the application form for opening a letter of guarantee and sign it.

2. Submit the background information of the letter of guarantee, including the contract, the approval documents of the relevant departments, etc.

3. Provide the relevant letter of guarantee format and affix the official seal.

4. Provide the company's recent financial statements and other relevant supporting documents.

5. Implement the guarantee accepted by the bank, including the payment of deposit, pledge, mortgage or third-party credit guarantee.

6. The bank shall review the applicant's credit status, performance ability, project feasibility, terms of guarantee and guarantee, pledge or mortgage.

7. Pay the letter of guarantee fee: each transaction will be charged at a time of 5 of the amount of the letter of guarantee, and the minimum amount is 100 yuan, and the letter of guarantee can be issued to the outside world. Information to be submitted for the performance bond letter:

Valid business license, ID card of legal representative, organization certificate, tax registration certificate, original and photocopy of project contract or purchase and sale contract and stamped with the official seal of the unit.

2. The application conditions for the bank performance guarantee to be auctioned and dismantled.

1. Open an account with the bank you are applying for;

2. Have the ability to perform the contract under the guarantee;

3. The project conforms to national regulations;

4. Provide a deposit or counter-guarantee that meets the requirements.

3. Scope of application of bank performance guarantee guarantee.

The scope of application is very wide, and it can be used in any project to provide guarantee for the performance of contractual obligations of the parties, and is commonly used in project contracting, material procurement and other projects.

In projects such as project contracting and material procurement, the owner or buyer usually requires the contractor or supplier to pay a performance bond to restrain the other party's behavior in order to avoid losses caused to itself by the contractor's or supplier's failure to perform its contractual obligations. A performance bond is a good alternative to a cash bond.

4. Advantages of performance bonds.

1. For the contractor or supplier:

1) Reduce the long-term capital occupation caused by the payment of cash guarantee and cancellation funds, and obtain capital returns;

2) Compared with the payment of cash margin, the limited funds can be optimally allocated;

3) Rights and interests are better protected.

2. To the owner or buyer:

1) Reasonably restrain the behavior of contractors and suppliers, and properly safeguard their own interests;

2) Avoid the cumbersome procedures for collecting and returning the deposit, and improve work efficiency.

In the process of implementing these projects, the owner or buyer generally requests the contractor for the performance guarantee, with the purpose of restricting the behavior of the other party and ensuring that the construction project can be completed with quality and quantity. If the contractor fails to perform its obligations in the manner agreed in the contract, the owner or buyer can obtain compensation to protect its own interests.

There's a lot of information on that, but I can tell you about it. You're a business.

Enterprises with bank performance or advance payment guarantees should submit a list of materials.

Name of information (total) Remarks Number of originals Number of copies.

1. Necessary information (the following must be stamped with the company's official seal and prepared in accordance with the required number of copies).

1. The bidding documents, construction contract, and the maximum price limit include the characteristics of the project, the payment method of the project payment, the amount of the guarantee, and the sample of the letter of guarantee format.

2 copies of 2, 2 copies of the notice of winning the bid.

3. Certificate of legal representative (original) and ID card (copy), power of attorney of legal representative (original) and ID card (copy) Please indicate "apply for a letter of guarantee and sign relevant legal documents" within the scope of authorization

3 copies of each 4, company profile (original), articles of association (copy) 2 copies.

5. The original and copy of the business license, the first and second of the institution's certificate, the original and duplicate of the tax registration certificate, and the basic account opening permit, 2 copies.

6. 2 copies of industrial and commercial information sheet within 3 months.

7. 2 copies of registered capital verification report (copy).

8. Audit report of the last three years (copy), recent financial statements (copy), balance sheet, cash flow statement, income statement, and notes.

2 copies of 9, loan card (copy) front and back and password 2 copies.

10. Qualification certificate and quality certification certificate (copy) 2 copies.

11. 2 copies of performance certification materials for projects under construction and previous projects or similar projects.

12. Brief introduction of the legal representative, brief introduction of the project leader, and 2 copies of the certificate of the project leader.

13. Tax payment voucher for the past three months, tax payment certificate for the previous year, and bank statement for the past three months.

14. 2 resolutions of the board of directors and resolutions of the shareholders' meeting.

15. 2 copies of commencement report and meeting minutes.

Sign the documents. 1. 2 copies of the guarantee application form (signed and sealed by the legal representative or authorized representative) (do not stamp the seal).

2.4 copies of the documents signed with our company.

3. 3 copies of the information signed with the bank provided by the bank.

Assuming that Party A only recognizes the bank's letter of guarantee, it should be in accordance with the relevant provisions of the construction contract to see what requirements and restrictions there are for the bank, if not, it is generally better to find your own opening bank, if there is no quota in the opening bank, then the bank will require you to pay a high proportion of the deposit, or even 100% of the deposit; If there is a quota in the opening bank, the bank will handle a letter of guarantee for you under the quota, which will occupy part of the quota, and if this quota is a comprehensive credit line, it is not worth it. If you don't handle it in your own opening bank, you can choose to go outside to find a guarantee company to handle, there are good and bad, the advantage is that it does not occupy its own amount, the format of the letter of guarantee can be more flexible, you can exempt most of the margin (depending on the qualification and project situation), the disadvantage is that the handling fee is relatively high, otherwise the guarantee company will not be able to live.

Assuming that Party A recognizes the letter of guarantee of the guarantee company, it is simple, find the guarantee company, the deposit can generally be waived, and the handling fee is similar to going to the bank.

In any case, the premise is that your company's loan card cannot have too many bad records, otherwise it will be difficult.

The bank guarantee needs to be applied to the bank, and the bank will decide whether to open it according to your company's financial situation.

Any bank can do it, but it is best to be your company's opening bank, because it involves the issue of the guarantee rate, and the rate can be very preferential in the opening bank.

You can open it directly with the bank, but you have to pay the full amount of the deposit, or you can find a guarantee company to open it, and the guarantee company will charge the corresponding premium, but according to the company's qualifications, you can deposit less or no deposit. I hope it can help you, if you need this business, you can also send me a private message.

Depending on your situation, it is not a matter of the ability of the guarantor company. I'm the guarantor.

Shenzhen Bank Performance Guarantee, Shenzhen Guarantee Company Performance Guarantee, please find Shenzhen Huazhen Guarantee Company Liu Ri, all the letter of guarantee problems are solved!

Whether the bank guarantee guarantee company can handle it.

1) What is a bank letter of guarantee, also known as a letter of guarantee, refers to a written credit guarantee certificate issued by a bank, insurance company, guarantee company or guarantor to the beneficiary at the request of the applicant, guaranteeing that when the applicant fails to perform its responsibilities or obligations as agreed by both parties, the guarantor will perform a certain payment or economic compensation liability within a certain amount and within a certain time limit on its behalf. At this stage, the most commonly used letters of guarantee are: bid bond, performance bond, payment bond, and advance payment bond.

The bank generally requires a deposit of 100 yuan to open a letter of guarantee. The money is deposited into a margin account, which is frozen, and not on the company's account. The letter of guarantee, like the loan, belongs to the bank credit business, so as long as the bank agrees, in addition to the deposit, it can also use guarantees, mortgages, pledges and other guarantees, and the guarantee company guarantee is also one of them.

2) What are the characteristics of bank guarantees?

1. The letter of guarantee is issued in accordance with the business contract, but it is not attached to the business contract and has independent legal effect. When the beneficiary makes a reasonable claim under the letter of guarantee, the guarantor must bear the responsibility for payment, regardless of whether the principal agrees to pay or not, and regardless of the actual fact of the performance of the contract. That is, the letter of guarantee is an independent commitment and is basically a documented transaction.

2. Bank credit as a guarantee, easy to accept for both parties to the contract.

3) How to apply for a bank guarantee.

1. Apply to the bank and fill in the application form for guarantee business.

2. Provide the following information according to the conditions and requirements put forward by the bank:

1) A copy of the project party's business license, a copy of the legal person certificate, a copy of the tax registration certificate and the certificate of the legal representative, etc.;

2) External guarantee master contract, agreement or tender and relevant transaction background information;

3) If the matters involved in the guarantee must be approved or approved by the relevant departments in advance according to the regulations, the approval or approval documents of the relevant departments shall be submitted to the grinding side;

4) The financial statements of the previous two years and the current financial statements of the project team audited by the accounting (auditor) firm;

5) Supporting documents of counter-guarantee measures;

6) Other information required by the bank.

3. After the bank handling personnel submit the business for approval (generally 3 7 working days), the bank will investigate the legitimacy of the applicant, the authenticity of the financial situation, the authenticity of the transaction background, etc., understand the borrower's performance and solvency, and make a formal reply to the applicant.

4. After the application is successful, the bank agrees to issue the letter of guarantee, and signs the "Guarantee Agreement" with the applicant, stipulating the type, purpose, amount, rate, validity period of the guarantee, payment terms, rights and obligations of both parties, liability for breach of contract and other matters that both parties deem necessary to agree; If a counter-guarantee is required, the counter-guarantee formalities shall also be completed in accordance with the requirements of the bank.

For the guarantee company, this is their normal business, of course. However, it is unlikely that banks and insurance companies will issue a letter of guarantee.

Banks and insurance companies are not prohibited by law, but in practice, this kind of thing will not be easily issued, and even directly there are internal regulations of the company that prohibit the issuance of such guarantees, even if it is done, it needs to be decided by the company's top leadership.

A letter of guarantee, also known as a letter of guarantee, refers to a written credit guarantee certificate issued by a bank, insurance company, guarantee company or individual to a third party in response to the applicant's request.

A guarantee company means that when an individual or enterprise borrows money from a bank, in order to reduce the risk, the bank does not lend money directly to the individual, but requires the borrower to find a third party (a guarantee company or a qualified individual) to guarantee it. According to the requirements of the bank, the guarantee company will let the borrower issue the relevant qualification certificate for review, and then submit the reviewed information to the bank, and the bank will release the loan after review, and the guarantee company will charge the corresponding service fee.

Legal basis: national law.

Security Law of the People's Republic of China: It is the fundamental legal basis for the development of guarantee business, and the legislative purpose is to protect the interests of creditors.

Contract Law of the People's Republic of China: The fundamental basis for the guarantee company to sign contracts with debts and creditors, as well as guarantee contracts and agreements.

Law on the Promotion of Small and Medium-sized Enterprises: It puts forward the requirements for promoting and organizing the establishment of a credit guarantee system for small and medium-sized enterprises.

Investment guarantee companies generally require a registered capital of more than 100 million yuan, and if they are guaranteed across regions, they need to reach more than 100 million yuan.

According to the "Decision on Amending the Decision on the Establishment of Administrative Licensing for Administrative Examination and Approval Items that Really Need to Be Retained" (Order No. 548), "Examination and Approval of the Establishment and Change of Credit Guarantee Institutions for Small and Medium-sized Enterprises that Spans Provinces or Large-scale Enterprises" was revised to "Examination and Approval of the Establishment and Change of Financing Guarantee Institutions", and the implementing organs were changed from the National Development and Reform Commission to the departments determined by the people of provinces, autonomous regions and municipalities directly under the Central Government. The introduction of the above-mentioned policy measures will be a banquet for a while.