Introduction

Upon receipt of a letter of guarantee from a foreign bank, the customer designates Bank of China as the reissuing bank to issue different forms of letter of guarantee with the customer as the beneficiary. The reissuing of letter of guarantee enables to better protect the customer's interests, prevent foreign exchange rate risks and make enquiries and claims more convenient and easier.

Features

1.Acquire guarantee from local bank to eliminate the cross-border communication barriers;

2.Avoid credit risks of foreign banks;

3.Prevent foreign exchange rate risks to a certain extent.