Bonding Facilities

To issue bid, performance, advance payment, retention bond.

Bonding Facilities
  1. Buyer requests Your Co to submit bank guarantees (e.g. bid bond, prepayment bond) on the projects.
  2. Your Co requests SMBC to issue counter guarantee on behalf of Your Co.
  3. SMBC requests Fronting Bank to issue fronting guarantee on behalf of SMBC.
  4. Fronting Bank delivers guarantee to Buyer.