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Business Bonds and Guarantees
Product Overview
A Business Bond or Guarantee provides the beneficiary with access to a specific sum of money on demand from HSBC if the principal fails to fulfill contractual or other underlying obligations.
Benefits
- Guarantee provided by HSBC, the world’s local bank
- Different types and bonds and guarantees offered to meet your specific needs (P-bond, Bid bond, AP bond, Loan guarantee)
Product Features
- Annual credit review during the life of the bond/guarantee period
- Long term bonds/guarantees available
- Tailor-made contractual terms and conditions (Please consult your Relationship Manager for further details)
- Pricing is calculated by weighing in the contract information, credit rating, and collateral
- Fees : costs incurred to securitize collateral, appraisal, etc
Act now
Please contact the Commercial Customer Service Centre at 1588-7639 or visit a Commercial Banking Centre for more details.
