Product Name

Notification of Letter of Guarantee

Product Description

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

Features

1.Prevent commercial fraud effectively.

2.The procedure is simple and convenient and the expenses are relatively low.

Application Requirements

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

2.The applicant shall have a trustworthy business background that is in compliance with Bank of China Limited Karachi Branch's requirements.

Procedure

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

2.Bank of China Limited Karachi Branch reviews the documents and notifies the letter of guarantee.

3.Bank of China Limited Karachi Branch charges the guarantee fees.