1 |
Type of credit facility offered |
Bank Guarantee (BG) |
2 |
Nature of Bank Guarantee credit facilities offered |
Domestic Bank Guarantee |
3 |
Types of Bank Guarantee credit facilities offered |
- Performance Guarantee
- Financial Guarantee
- Advance Payment Guarantee
- Continuing Guarantee
- Guarantee for specific transactions
- Deferred Payment Guarantee
|
4 |
Cash Margin |
Minimum 15.00% in lien marked term deposits |
5 |
Collateral Security |
Minimum 150.00% of the BG limit quantum |
6 |
Counter Guarantee |
Counter Guarantee is to be obtained from the customer on whose behalf BG is issued and also the person who has offered collateral security |
7 |
Commission & charges |
As per internal guidelines issued from time to time |