What is the direct opening, transferring, replacement and extension of the letter of guarantee?

I'll tell the landlord about engineering.

Direct opening means that the bank directly issues the letter of guarantee to the beneficiary of the letter of guarantee, without the transfer of any other bank.

Transfer is generally used in the international ** or engineering engineering, because foreign owners are generally not very new domestic banks directly open a letter of guarantee, so the current operation method is to open a letter of guarantee by a domestic bank to an overseas bank, by the overseas bank in the transfer of a letter of guarantee to the project owner, this is called transfer.

Replacement refers to the type of bank or letter of guarantee that is changed for various reasons.

The extension is the extension of the letter of guarantee.

That's about it.

<> in the bidding, according to the different ways of opening the letter of guarantee, it can be divided into direct opening, transfer and transfer. So what does it mean to reopen a letter of guarantee? What is the process? Let's take a look at those who want to know!

What does it mean to turn away from the Bao Bao Zhen Sui Han.

The transfer of the letter of guarantee refers to the form in which the beneficiary requests the local bank where it is located to issue a letter of guarantee to the beneficiary at the request of the original Peib letter of guarantee issuing bank. The timeliness of this kind of letter of guarantee will be much worse than that of the direct opening type of letter of guarantee, the reason is that before the "transfer" step, the initial issuing bank of the letter of guarantee has to go through a direct opening process, and then transmit it to the beneficiary's regional bank through the bank's internal system for "transfer", if the beneficiary needs to make a claim, the beneficiary's designated "transfer" bank needs to carry out the normal claim process in accordance with the content of the letter of guarantee, and then settle the settlement of the compensation of the letter of guarantee with the original bank issuing the letter of guarantee after the claim is completed.

To sum up, the timeliness of the first "transfer" is much longer than that of the direct opening, and for the beneficiary, due to the two-step turnaround, the claimant bank does not have complete information on the project risk control at the time of the specific claim, which may lead to the lag of the claim. Second, the handling fee for "transferring" a letter of guarantee is higher than that for direct issuance, because not only the bank that issued the original letter of guarantee needs to charge a handling fee for the letter of guarantee, but also the beneficiary's regional transfer bank also needs to charge the corresponding transfer fee and message fee, which is equivalent to an increase in two fees by the guarantor.

The application process for reopening a letter of guarantee.

1.Apply to the bank that issued the letter for the first time;

2.After the approval of the non-local bank, it will ask for the local bank's branch name, address, name, travel mailbox, ** and so on.

3.Non-local banks will send information to local banks through internal channels of the bank;

4.After the letter is issued by the non-local bank, it will be mailed to the local bank, and the local bank will finally send the letter to the enterprise.

It is important to note here that local banks will charge a transfer fee to the business.

If Party A compulsorily requires the bank where the enterprise is located, or the basic account bank, and the local bank cannot issue a letter of guarantee, it must be transferred.

At present, the banks that can be transferred are mainly China Construction Bank.