Name

Notification on Letter of Guarantee

Introduction

In global trade activities, the beneficiary of the letter of guarantee designates Bank of China Brussels Branch as the notifying bank of the letter of guarantee in business negotiation. No matter the letter of guarantee is issued in paper or by telex, Bank of China Brussels Branch can verify the authenticity of the letter of guarantee for customers and notify customers of the original copy in time.

Features

By using the letter of guarantee checking and notice service of Bank of China Brussels Branch, customers can prevent commercial fraud.

Charges

The charges are subject to the charging principle and rate applied in the relevant rules of Bank of China Brussels Branch.

Application Qualifications

1. The issuing bank of the letter of guarantee shall have good credit standing without any bad record;

2. The applicant shall possess real transaction background that meets Bank of China's requirements on business compliance.

Procedure

1. The issuing bank of the letter of guarantee submits an application;

2. Bank of China Brussels Branch reviews the documents and notifies the letter of guarantee;

3. Bank of China Brussels Branch charges fees for letter of guarantee.