Bank Guarantee Financing
The bank guarantee service is available at any branch of MD Bank, and it can be issued both in MMK and in other foreign currencies, depending on your business requirements. We will serve you with the best effort from our experienced trade team. The guarantee will be issued against partial margin/lien or against securities based on customer banking needs.
Benefits of BG Margin/ Lien Facilities
- Business activities smoothly and no worry with BG
- Reduce financial risk for beneficiary
- Enjoy prompt processing
Requirements
- Bank Guarantee Application Form
- Applicant ID
- Evidence letter from concerned department
- Passbook copy (Original/ Copy)
Rates and Fees
| Service Description | Fees and Charges (Bank Guarantee with 100% Cash Margin) |
Fees and Charges (Bank Guarantee with Lien on Call, Savings and Fixed Deposit) |
| Guarantee Issuing | 0.25% on BG amount per 3 months or part thereof (Min. USD 50 for FCY BG and MMK 10,000 for LCY BG) + USD 10 SWIFT Charges for FCY BG |
0.5% on BG amount per 3 months or part thereof (Min. MMK 10,000) |
| Guarantee Amendment ( extension/ amount increment) |
0.25% on BG amount per 3 months or part thereof (Min. USD 50 for FCY BG and MMK 10,000 for LCY BG) + USD 10 SWIFT Charges for FCY BG |
0.5% on BG amount per 3 months or part thereof (Min. MMK 10,000) |
| Guarantee Other Amendments | USD 50 for FCY BG or MMK 10,000 for LCY BG respectively + USD 10 SWIFT Charges for FCY BG |
MMK 10,000 |
| Guarantee Advising | USD 30 for FCY BG | – |
| Guarantee Amendment Advising | USD 25 for FCY BG | – |