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Non-Financing Guarantee

1、PERFORMANCE GUARANTEE

A written document issued by Bank of China Sydney Branch at the request of the customer to the owner of a contracted project or the buyer of a sales deal, guaranteeing the applicant will strictly perform the contracts.

FEATURES

•Solve the problem of mutual mistrust between both parties of a transaction. With good reputation, the Bank involves in the transaction and acts as a guarantor to promote smooth transaction by providing guarantee for the parties.

•Guarantee fulfillment of contractual obligations.

•Indemnify the damaged party and penalize the defaulting party in case of breach of contract to avoid or reduce contract breaching activities, thus saving trouble and expenses arising from litigation or arbitration.

2、LEASE GUARANTEE

A lease guarantee is a written document issued by Bank of China Sydney Branch to the lessor, at the request of the lessee, to guarantee on-time payment of rent by the lessee. According to different modes of lease, the letter of guarantee can be divided into leases of assets and operate leases.

FEATURES

•Reduce capital occupation due to cash margin payment.

•Help customer obtain finance and accelerate capital turnover.

•Facilitate to obtain usufruct of equipment or facilities.

•Reduce financial costs.

3、QUALITY/MAINTENANCE GUARANTEE

It is the written document issued to the owner or the buyer from Bank of China Sydney Branch to guarantee that applicant will fulfill contract obligation in the warranty period or maintenance period, at the request of construction contractor or supplier.

FEATURES

•It is applicable for the situation that the owner or the buyer requires the contractor or the supplier to fulfill warranty or maintenance obligations as contracted when construction, supply and installation contracts enter into the warranty period or maintenance period. It is the guarantee for normally fulfilling contract obligation.

•Solve the problem of mutual mistrust between both parties of a transaction. With good reputation, the Bank involves in the transaction and acts as a guarantor to promote smooth transaction by providing guarantee for the parties.

•Guarantee fulfillment of contractual obligations, as well as quality of the subject matter of contract.

•Reduce capital occupation due to cash margin payment.

•Improve market competitiveness of construction contractor or supplier, and accelerate returns of accounts receivable.

4、TENDER GUARANTEE/BID BOND

A written document issued by the Bank at the request of the tenderee for bids of construction and procurement of project, committing that the tenderer will not withdraw or amend its bid during the validity period of the bid, and will sign the contract or submit performance guarantee within the preset time once winning the bid.

FEATURES

•Solve the problem of mutual mistrust between both parties of a transaction. With good reputation, the Bank involves in the transaction and acts as a guarantor to promote smooth transaction by providing guarantee for the parties.

•Reduce the financial pressure. As an alternative to cash margin, it can reduce tied up fund of the tenderer.

•Indemnify the damaged party and penalize the defaulting party in case of breach of contract to avoid and reduce contract breaching activities, thus saving trouble and expenses arising from litigation or arbitration.

5、ADVANCE PAYMENT GUARANTEE

A written document issued by Bank of China Sydney Branch at the request of a customer to the owner of a contracted construction or the buyer of a sales deal, guaranteeing the applicant will fulfill the contractual obligations after the owner or the buyer makes advance payment.

FEATURES

•Facilitate timely receipt of advance payment, as well as speed up capital turnover during project construction and preparation-of-goods period.

•Solve the problem of mutual mistrust between both parties of a transaction. With good reputation, the Bank involves in the transaction and acts as a guarantor to promote smooth transaction by providing guarantee for the parties.

•Guarantee fulfillment of contractual obligations.

•Guarantee payment of contract price.

•Indemnify the damaged party and penalize the defaulting party in case of breach of contract to avoid and reduce contract breaching activities, thus saving trouble and expenses arising from litigation or arbitration.

6、PAYMENT GUARANTEE

A written document issued by Bank of China Sydney Branch at the request of the buyer to the seller under the contract, guaranteeing the buyer will fulfill the payment obligations under the contract to purchase goods, technology, patent or labor.

FEATURES

•Solve the problem of mutual mistrust between both parties of a transaction. With good reputation, the Bank involves in the transaction and acts as a guarantor to promote smooth transaction by providing guarantee for the parties.

•Guarantee fulfillment of contractual obligations.

•Guarantee payment of contract price. Timely payment for goods is guaranteed with similar effect as L/C in merchandise trade.

•Wide application scope. Not only for merchandise trade, but also for construction projects.