Guarantee

PVFC issues letter of guarantee to beneficiary (guarantee’s beneficiary) on execute financial responsibility for customer (guaranteed person) when he/she does not execute or incorrectly execute the responsibility committed to guarantee’s beneficiary.

PVFC issues various types of guarantee:

• Payment guarantee
• Bid Bond guarantee
• Performance Bond guarantee
• Capital borrowing guarantee
• Product quality guarantee
• Advance payment guarantee
• Counter guarantee
• Confirmation of guarantee
• Other types of guarantee under the law

a. Eligible customers: Customers who need to be guaranteed

b. Benefits:

• Gain trust of partners in business;
• Various types of guarantee satisfying customers’ demands.
• Simple, fast and convenient procedures.
• Competitive guarantee fees.

c. Applied conditions:

• Legal guarantee purposes;
• Have full financial capability amd ablity, experience to perform obligations guaranteed by PVFC during commited period.

d. Contact: Credit Division

e. Guarantee dossier, forms

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