Do I need to deposit money into the margin account for the bank guarantee? Can I open an account dir

Yes, if it is a bid, you can successfully apply for a letter of guarantee without depositing a deposit at all.

1. If it is a performance or advance payment, there is no need to deposit a full deposit (according to the project situation and enterprise qualifications, the deposit may be exempted - no more than 30% of the deposit), and a bank guarantee can be issued;

2. Because there are two ways to handle the letter:

1) Handle it directly at the bank, you must deposit the full amount of the deposit, and the procedures are troublesome;

2) Through a professional engineering guarantee company, the engineering guarantee company has a quota in the bank, so there is no need for a full deposit, the same can issue a bank guarantee, and the time is faster, the procedures are simpler, and the service is better.

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 guarantor to the beneficiary at the request of the applicant, guaranteeing that the guarantor will perform a certain payment or economic compensation liability within a certain amount and within a certain time limit on behalf of the applicant when the applicant fails to perform its responsibilities or obligations as agreed by both parties.

The letter of guarantee is a credit business in the bank and is also included in the credit business.

1. There are two situations for going to the bank to open a letter of guarantee:

1. Full margin, that is, all the amount of the letter of guarantee to be opened is deposited into the margin account set up by the bank, and the procedure is equivalent to opening an account.

2. If there is a credit line in the bank, you can also open a letter of guarantee within the credit line, and the corresponding margin can not be 100%.

Second, the letter of guarantee is equivalent to the letter of guarantee issued by the bank, that is, according to the requirements, the company should give the other party a deposit, now not directly to the other party money, but through the bank issued a letter of guarantee (that is, the letter of guarantee) to deliver to the other party, when the other party feels that to ask your unit for this money, it is not to your company, but to the bank that issued the letter of guarantee, and the bank to the other party is from your unit in the bank to open the margin account expenditure, or in the bank to you within the credit line of expenditure, However, if the expenditure is within the credit line, it will be counted as the bank advance, and it will be counted as the loan. Therefore, it is impossible for the bank to issue a letter of guarantee for you with the contract without corresponding protection (that is, if your company does not open a margin account with the bank or has a credit line).

Legal analysis: The bank does not need to pay a deposit when issuing a letter of guarantee. The steps to open a bank guarantee are:

1. Submit the application, and the individual should bring his or her ID card, recent financial statements of the enterprise, contracts, approval documents of relevant departments and other materials to the bank outlets, explain that a letter of guarantee is to be issued, and then fill in the application** and upload the relevant application materials;

2. The bank will conduct a review, and the bank will review the application materials, **, and the applicant's qualifications, and notify the applicant after passing the review;

3. Implement the guarantee procedures, individuals can pay a deposit in the bank, handle a pledge, a third-party credit guarantee or a property mortgage guarantee, etc.;

4. Issue a bank guarantee, and after the individual completes the above procedures, the bank will issue the letter of guarantee in accordance with the regulations.

Legal basis: Article 388 of the Civil Code of the People's Republic of China To establish a security interest, a security contract shall be concluded in accordance with the provisions of this Law and other laws. Guarantee contracts include mortgage contracts, pledge contracts and other contracts with security functions.

The guarantee contract is a subordinate contract of the main creditor's rights and debts. If the principal creditor's rights and debts contract is invalid, the guarantee contract shall be invalid, except as otherwise provided by law. After the guarantee contract is confirmed to be invalid, if the debtor, guarantor and creditor are at fault, they shall each bear the corresponding civil liability according to their fault.

The margin should be included in the management expense account.

Management fees include:

1. Labor protection expenses: The expenses incurred by various departments of the company for labor protection, such as labor protection gloves, safety helmets, heatstroke prevention and cooling supplies, etc.

2. The expenses incurred by the company for the purchase of library materials, magazines, newspapers and periodicals (the cost of design drawings is included in the accounting of office expenses).

3. Cleaning and sanitation expenses: the materials consumed by the company's cleaning work and the expenses incurred by the outsourced cleaning company.

4. Security and fire protection expenses, expenses incurred by the company's outsourced security companies, and expenses incurred in the purchase of fire protection consumables.

5. Technology development expensesThe expenses incurred by the company for the research and development of new products, new materials and new parts, including the salaries, travel, office and other expenses incurred by the personnel serving the technology development projects.

6. Property insurance premium: The insurance cost incurred by the company in insuring various assets of the company.

7. Consulting fees: The company's expenses incurred in auditing, technical consulting, project review, etc.

8. Printing costs: The company incurs various internal document printing expenses incurred in production and operation. Such as **, documents, letters, business cards, etc.

9. Environmental protection fee: Sewage fee, evaluation fee, etc. paid by the company.

10. Greening fees: The relevant expenses incurred by the company for greening.

11. Amortization of intangible assets and long-term amortized expenses and expenses of intangible assets and deferred assets amortized by the company.

Therefore, the margin should be included in the management expense account.

Yes, if it is a bid, you can successfully apply for a letter of guarantee without depositing a deposit. The content of the letter of guarantee varies according to the specific transaction, and there is no certain format in the form, and there is no certain practice in the provisions on the rights and obligations of the relevant parties, and the handling procedures. In the event of a different interpretation, the specific interpretation can only be made in the context of the content of the document itself.

Compared with a documentary credit, the rights and obligations of the parties are basically the same, except that the documents that the documentary credit requires the beneficiary to submit are commercial documents, including transport documents, while the documents required by the letter of guarantee are actually statements or certificates issued by the beneficiary regarding the principal's breach of contract.

The letter of guarantee belongs to the credit business in the bank and is also included in the credit business, so there are several situations to open a letter of guarantee in the bank: 1. The full amount of the guarantee, that is, all the amount to be opened in the bank is deposited into the margin account set up by the bank, and the procedure is equivalent to opening an account, 2. If there is a credit line in the bank, the letter of guarantee can also be opened within the credit line, and the corresponding margin can not be 100%.

I can't open a letter of guarantee, I did.

The accounting treatment of payment to the bank for the issuance of a performance bond is as follows:

Borrow: Funds in other currencies - letter of credit margin.

Credit: Bank deposits.

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 the guarantor will perform a certain payment or economic compensation liability within a certain amount and within a certain time limit on behalf of the applicant if the applicant fails to perform its responsibilities or obligations as agreed by both parties.

In order to ensure that the transaction can be realized as scheduled, the purchaser and seller require the other party to issue a form of security, if one party breaks the contract, it can obtain a certain amount of liquidated damages in accordance with the agreement. Usually, the party issuing the letter of guarantee will go to the bank to handle the letter of guarantee business, and the bank will open a margin account according to different credit ratings of the enterprise that handles the letter of guarantee, and transfer it to the agreed letter of guarantee deposit.

Borrow: Funds in other currencies --- margin.

Credit: Bank deposits.

The issuance of a letter of guarantee by a bank generally requires a 100% deposit. 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.