LETTER OF GUARANTEE

Introduction

Upon receiving the counter L/G, the Bank shall reissue the L/G according to the provisions under the counter L/G.

FEATURES

  • Reissue the L/G under the counter L/G.

Target Customers

  • Corporate Customer

Procedure

  1. The correspondent bank or the affiliated bank submits an application.
  2. Bank of China (Hongkong) Limited Vientiane Branch reissues the L/G after verifying the counter L/G.
  3. Bank of China (Hongkong) Limited Vientiane Branch charges fees for reissuing the L/G.
  4. Bank of China (Hongkong) Limited Vientiane Branch makes compensation for the counter L/G or cancels the counter L/G.
  5. After making compensation for the reissued L/G, Bank of China (Hongkong) Limited Vientiane Branch will claim for the reimbursement for the counter L/G.

Required Documents

  1. Certificate of enterprise legal representative or power of attorney, board of directors resolution and the articles of association.
  2. Valid enterprise corporate (legal person) business license (copy).