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Letter of Guarantee

 
 


Issuing Letter of Undertaking for Letter of Guarantee


 

Introduction

A written document for the letter of guarantee issued at the request of the customer under normal and reasonable circumstances. It can be divided into the conditional letter of undertaking and the unconditional one.

Functions

1. Reduce capital occupation due to cash margin payment.

2. Improve the commercial credit of enterprises.

3. Facilitate customers to participate in biding for large projects so as to develop more business opportunities.

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