Home（https://daixiabank.com/）
Services
Corporate Banking（https://daixiabank.com/corporate-banking/）
Private & Personal Banking（https://daixiabank.com/private-banking/）
Daixia Bank Asset & Wealth Management（https://daixiabank.com/asset-wealth-management/）
Daixia Bank International Trade Finance（https://daixiabank.com/international-trade-finance/）
Securities Clearing and Settlement（https://daixiabank.com/securities-clearing-and-settlement/）
Location（https://daixiabank.com/location/）
About us（https://daixiabank.com/about-us/）
Contact us（https://daixiabank.com/contact-us/）
Menu
Daixia Bank International Trade Finance
Daixia is often asked to provide Guarantees or Bonds on behalf of its customers, who may be importers or exporters, traders, middlemen or possibly contractors who have to give some form of undertaking to their counterparties. The Guarantee is a written undertaking from a bank that if a customer does not honor an obligation to perform a particular function or service, the bank will pay over a sum of money on behalf of that customer to a named party.
Bank Guarantees or Bonds can be Conditional or Unconditional. When a guarantee is conditional, that any one who wishes to claim under that guarantee must fulfill certain conditions before the guarantor is prepared to pay the appropriate sum to the beneficiary. When a guarantee is a simple demand guarantee, this means that the beneficiary named in the document is able to claim the benefit stated in the guarantee by simple demand.
How does it work?
The applicant fills an application form for issuance of a bank guarantee in which he specifies the name of the beneficiary, tenor, amount, expiry date and purpose of guarantee. The most commonly used guarantees are: Bid / Advance payment / Performance bonds / Customs guarantees and Payment guarantees.
Benefits:
Access to Daixia Bank’s network
Experienced and professional trade processing service
Competitive Issuing fees.
Bank Guarantees
A letter of guarantee is a surety bond, addressed to a government agency or organization, or other natural or legal entities, in which we pledge to pay a stipulated amount under stipulated terms and conditions in the event that a contractor fails to fulfill some specified contractual obligation or duty.
From the obligor’s perspective, going into business by receiving a letter of guarantee from a reputable bank.
From the addressee’s perspective, having a guarantee of compensation if the work is not completed.
Daixia Bank is often asked to provide Guarantees or Bonds on behalf of its customers, who may be importers or exporters, traders, middlemen, or possibly contractors who have to give some form of undertaking to their counter-parties. The Guarantee is a written undertaking from a bank that if a customer does not honor an obligation to perform a particular function or service, the bank will pay over a sum of money on behalf of that customer to a named party.
Bank Guarantees or Bonds can be Conditional or Unconditional. When a guarantee is conditional, that anyone who wishes to claim under that guarantee must fulfill certain conditions before the guarantor is prepared to pay the appropriate sum to the beneficiary. When a guarantee is a simple demand guarantee, this means that the beneficiary named in the document is able to claim the benefit stated in the guarantee by simple demand.
How does it work?
The applicant fills an application form for issuance of a bank guarantee in which he specifies the name of the beneficiary, tenor, amount, expiry date, and purpose of guarantee. The most commonly used guarantees are Bid / Advance payment / Performance bonds / Customs guarantee and Payment guarantees.
Benefits:
Access to Daixia Bank network
Experienced and professional trade processing service
Competitive Issuing fees
Letters of Credit
Letters of Credit are as old as banking itself. They are based upon the fact that the creditworthiness of an unknown Buyer is thus replaced by the creditworthiness of a known Bank.