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Financing Guarantee


Financing Guarantee


It is a written document issued by Bank of China Brussels Branch at the request of the borrower to the lender, guaranteeing that the borrower will fulfill the obligation to repay the borrowed fund.


Financing guarantee include: loan guarantee, overdraft guarantee, securities issuance guarantee, and credit line guarantee.


The service facilitates the applicants to get the financing support.


1. Solve the problem of mutual mistrust between borrower and lender. With good reputation, Bank of China Brussels Branch acts as the guarantor of the borrower to promote smooth transaction.

2. It can enhance the borrower's credit and facilitate its financing.

3. When the borrower breaches the contract, the lender can receive economic indemnity and the default party can be economically punished by implementing the guarantee, therefore effectively reducing the possibility of breach, and avoiding the cost incurred by arbitration or proceeding to solve disputes related to the borrowing contract.


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

Target Customers

Key industrial and commercial customers supported by Bank of China.

Applicant Qualifications

1. The borrower shall have an corporate account in Bank of China Brussels Branch;

2. The applicant shall have a credit line in Bank of China, or pay full counter guarantee acceptable to Bank of China or full margin.


1. Application for letter of guarantee

(1) The applicant fills out an application form;

(2) The applicant pays margin or submits other counter guarantee;

(3) The applicant submits primary documents related to the borrowing background (such as borrowing contracts);

(4) The applicant submits other documents necessary for issuance of a letter of guarantee as required by Bank of China.

2. Verification and issuance of letter of guarantee

(1) Bank of China Brussels Branch examines the customer's credit standing, underlying borrowing background and relevant application documents;

(2) Bank of China examines the application and form of letter of guarantee for irregularities;

(3) Bank of China Brussels Branch checks and confirms the customer's credit line, margin or other counter guarantee;

(4) Bank of China Brussels Branch issues the letter of guarantee.


1. Amendment to letter of guarantee: At the request of the guaranteed party and the beneficiary, the clauses under the letter of guarantee can be amended, for example, the validity period can be extended.

2. Payment/compensation of letter of guarantee: If the beneficiary claims compensation within the validity period of the guarantee, the applicant shall be notified in time. The payment shall be made after Bank of China Brussels Branch verifies the claim documents and confirms that they are in compliance with the claim clauses under the guarantee.

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