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Corporate Banking > Intermediary Service > Guarantee
Corporate Banking
Guarantee

RMB Non-financing Letter of Guarantee

Introduction 
The RMB Non-Financing Letter of Guarantee refers to an arrangement where Hua Xia Bank provides credit guarantee by producing guarantee documents for a customer's non-financing business activities such as trade and project bidding. The guarantee is issued within the specified scope and based on adequate counter-guarantee conditions provided by the customer. 
 
Category
Bidding guarantee, performance guarantee, guarantee for refund of advance payment, maintenance guarantee, quality guarantee, and payment guarantee. 
 
Applicable Clients 
Corporate and other organizations that meet the Hua Xia Bank loan requirements.

Functions and Features
The customer is guaranteed by bank credit to support its normal production and business activities.

Currency and Tenor 
RMB is currency in service. The tenor of the letter of guarantee is determined under negotiation. 
 
Price
Payment guarantee: 1.25‰; 
Advance payment guarantee: 1‰;
Bidding guarantee: 0.5‰;
Performance guarantee: 1‰;
Other non-financing guarantee: 1‰.

1. In case of any change in the fee rate, the guarantee produced before such change is subject to the original rate and those produced after such change is subject to the new rate.
2. The service fee for guarantee can either be collected quarterly or in a lump sum. Guarantees for less then 3 months will be charged the same as the 3-month guarantee.
3. Minimum service fee is RMB 200.

Application Materials
1) Application for the letter of guarantee and supporting materials; 
2) Audited financial statements of the previous year and the recent financial reports; 
3) Board resolutions; 
4) Standard-formatted letter of guarantee if not in the required format; 
5) Subjects under the guarantee application and the business contract, agreement, and relevant documents under guarantee; 
6) Deposit receipt slip; 
7) For counter-guarantee with third-party guarantee, mortgage, or pledge, relevant documents matching with the guarantee, mortgage, or pledge on the payment; and 
8) Other documents and information as required by Hua Xia Bank.

Note: This page is for reference only, part of the business to local outlets announcement with specific provisions prevail.

Fixed Asset Loan Letter of Intent

Introduction
The Fixed Assets Loan Letter of Intent refers to an intent document produced by Hua Xia Bank to the applicant (owner) indicating to relevant State authorities in the during approval process of owner's project proposal that the bank will provide loans to the project. 
 
Target Clients 
Only limited to projects that the applicant (owner) has presented the fixed assets project proposal (or construction plan) and is expecting the project initiation approval by relevant State authorities. 
 
Price
Hua Xia Bank charges a lump sum service fee for issuing the fixed assets loan letter of intent after it enters into agreement with the applicant. The service fee rate is no less than 0.2% of the intended loan amount rate and specified in the Agreement.
Note: This page is for reference only, part of the business to local outlets announcement with specific provisions prevail.

Fixed Asset Loan Letter of Commitment

Introduction
The Fixed Assets Loan Letter of Commitment is a commitment document presented by Hua Xia Bank to the applicant (owner) in the approval process for the applicant's project feasibility study. It shows to the relevant State authority that Hua Xia Bank will provide loans to the project construction. The document is binding to some extent. 
 
Target Clients
Only applicable for projects that have been approved for project initiation by relevant State authorities and that the applicant (owner) has completed the project feasibility study, or for projects that the project initiation approval authority requires a fixed assets loan letter of commitment. 
 
Price
Hua Xia Bank charges a lump sum service fee upon agreement with the applicant for issuing the fixed assets loan letter of commitment. The service fee rate is no less than 0.5% of the intended loan amount and specified in the Agreement.
Note: This page is for reference only, part of the business to local outlets announcement with specific provisions prevail.

Bid Credit Certificate

Introduction
The Bid Credit Certificate is a credit service where Hua Xia Bank issues a Bank Credit Certificate upon request of the applicant (the bidder) by which the Bank guarantees the bid inviter that, when the bidded project is in construction, the Bank will meet the appropriate and reasonable credit needs of the applicant (the bidder) within a specified quota specified under the Bank Credit Certificate. 
 
Category
The service can be classified into the Bid Bank Credit Certificate with supplementary clauses and that without such clauses.
 
Price
1. Customers with a credit rating of AA (inclusive): a lump sum service fee of no less than 0.5‰ of the committed amount. 
2. Customers with a credit rating of below A (inclusive): a lump sum service fee of no less than 1‰ of the committed amount.
Note: This page is for reference only, part of the business to local outlets announcement with specific provisions prevail.

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