Letter of Guarantee

• Letter of guarantee (LG) is a written undertaking made by the guarantor at the request of the applicant to the beneficiary, guaranteeing that the applicant will perform obligations under the contract signed between the applicant and the beneficiary.

  LG has long been one of Bank of China’s competitive products. In recent years, along with China’s fast economic growth and its further integration to the world economy after the WTO accession, there has been a marked rising demand for LG from Chinese and foreign clients alike, which greatly drives the LG expansion of the Bank.

  BOC has evident competitive edge in its LG business in all aspects: extensive network of domestic and foreign branches and correspondent banks; high international credit; excellent LG team; decades of experience in LG transactions; sound management over operation and good system for risk control; full range of LG products. BOC can satisfy the customers’ need for a variety of LG products, and offer them quality and efficient service.