Online Account Opening
When you've got big plans for your business, you want a bank you can rely on.
Find out moreFINANCIAL SUPPLY CHAIN MANAGEMENT
SUSTAINABLE TRADE FINANCE
Johor-Singapore SEZ
Integrates two economies into one ecosystem, unlocking new levels of collaboration
Find out more
UOB Sustainability Compass
Your go-to sustainability guide. Get your customised report today by taking the quiz now.
Take the quiz
-
you are in WHOLESALE BANKING
For Individuals
Personal BankingWealth BankingPrivilege BankingPrivate BankUOB ReferralFor Companies
Foreign Direct InvestmentUOB ASEAN InsightsIndustry InsightsUOB Islamic Banking
Islamic BankingAbout UOB
Corporate ProfileStakeholder RelationsUOB Digitalisation
Benefits
Banker’s Guarantee compliant
As issuing bank of the Banker’s Guarantee, UOB will pay your beneficiary upon receipt of a compliant demand.
Standby Letter of Credit
An alternative guarantee instrument to support your contracts with suppliers/buyers.
Rates & fees
-
Services
-
Fees
| Services | Fees |
| Issuance Fee | From 0.1% p.m. or part thereof, inclusive of any claim period min RM100.00 |
| Amendment Fee involving increased amount and/or extended validity | From 0.1% p.m. or part thereof, min RM100.00 |
| Other Amendment Fee | RM100.00 |
| Reissuance Fee | RM100.00 |
| Non-Cancellation Fee, 3 months after expiry/claim end date | From 0.1% p.m. or part thereof |
| Services |
| Issuance Fee |
| Amendment Fee involving increased amount and/or extended validity |
| Other Amendment Fee |
| Reissuance Fee |
| Non-Cancellation Fee, 3 months after expiry/claim end date |
-
Services
-
Fees
| Services | Fees |
| Issuance Fee | 0.1% p.m. or part thereof min RM100.00 |
| Amendment Fee involving increased amount and/or extended validity | 0.1% p.m. or part thereof min RM100.00 |
| Other Amendment Fee | RM100.00 |
| Services |
| Issuance Fee |
| Amendment Fee involving increased amount and/or extended validity |
| Other Amendment Fee |
Click here for other charges applicable to all trade products.
UOB Infinity Trade
Apply for Banker’s Guarantee on our platform in 3 simple steps:
Step 1
Log in via UOB Infinity.
Step 2
Select Trade Services.
Step 3
Select Bank Guarantee, complete the application and click submit.
Frequently asked questions
What is a Banker's Guarantee (BG)?
A BG is a definite undertaking by the bank (guarantor) to pay the beneficiary a certain sum of money within a specified period if the applicant (principal) fails to fulfil his contractual or other obligations of an underlying transaction.
What is a Standby Letter of Credit (SBLC)?
Like BG, SBLC is an independent payment obligation which is payable by Issuing Bank against beneficiary's compliant demand.
What is the difference between BG and SBLC?
BG may be subject to the International Chambers of Commerce (ICC) ’s Uniform Rules for Demand Guarantees (“URDG758”). SBLC may be subject to ICC's Uniform Customs & Practice for Documentary Credits (“UCP 600”), or International Standby Practices ("ISP98”). BG / SBLC may be subject to country law as well.
Who are the parties in a BG or SBLC?
There are generally the following parties in a BG / SBLC:
- Issuing Bank: Guarantor who will pay upon compliant demand, in accordance with format.
- Applicant: Party who is usually the Customer of the Bank applying for the guarantee, and who will pay the Issuing Bank in event of claim.
- Beneficiary: Party in whose favour a BG / SBLC is issued.
Additional information
Product Disclosure Sheet
You may refer to the Product Disclosure Sheet under Trade Services section.
You may also like
X-Press Guarantee
A fast and hassle-free Bank Guarantee with no trade facility required.
Import Letter of Credit
Secure your shipment with confidence by issuing a Letter of Credit to your supplier.
Invoice Financing
Maximise your working capital and better manage your cash flow.
We're here to help
We use cookies in order to provide you with better services on our website. By continuing to browse the site, you agree to our privacy notice and cookie policy.
