Definition:
In Personal Guarantee, the customer pledges the Certificate of Time Deposit of Hua Xia Bank and guarantees the borrower to get loans from Hua Xia Bank while collecting guarantee fee from the borrower.
Features: Credit enhancement, address the needs of both sides.
1. Credit enhancement: The guarantor backs the borrower's loan with the pledged personal deposit to boost the borrower’s financing capacity and credit. It helps to closethe deal.
2. Address the needs of both sides: It both fulfills the borrower's financing needs and fulfills the pledger's need for higher income.
Applicable Clients:
Staff of the borrower company; individual customer with idle fund and in need of financing service. The availability of the service is currently limited to Nanjing.
Service Channels:
At Hua Xia Bank outlets provide guarantee service consultancy, application, and processing. The Telephone Banking and Internet Banking provide advisory services.
Service Flows:
1. Application: The customer approaches Hua Xia Bank outlets, deposits the underlying Time Deposit in Hua Xia Card, and signs pledge contract to freeze the pledged Time Deposit on the bankcard.
2. Loan release: Hua Xia Bank releases the loan and collects guarantee fee.
3. Loan repayment: In case the borrower repays loan principal and interest, the guaranteed liabilities are cancelled and the customer completes procedures to lift pledge.
4. After the pledge is lifted and the account is un-locked, the personal customer may withdraw on deposit upon presentation of Hua Xia Card.
Important Information:
1. The loan tenor under herein service shall be less than 3 years. The single minimum amount of pledged Time Deposit herein is RMB 10,000 and may be increased in integralmultiples of RMB 10,000. The guarantee tenor commences on the guarantee starting date and ends on the repayment date for all principal and interest. The guaranteed liabilities are only limited to the customer's pledged Time Deposit principal and interest at Hua Xia Bank.
2. Upon loan maturity, in case the borrower fails to repay all loan principal and interest, Hua Xia Bank has the right of direct deduction from the pledged deposit in Hua Xia Card for loan repayment.
The Performance Bond – Self-Employed refers to guarantee arrangement where the self-employed business owner pledges the Certificate of Time Deposit and T-bond issued through Hua Xia Bank in exchange of Hua Xia Bank's guarantee letter. The arrangement provides guarantee for the benefit of the counterparty (beneficiary) in the business contract covering the performance obligations of the applicant under the business contract.
The amount of guarantee is capped at RMB 1 million.
Features: It addresses multiple financing needs for the business owner; credit enhancement, close transaction ,.
1. It addresses multiple financing needs for the business owner: The Performance Bond – Self-Employed is a flexible alternative financing channel for self-employed business owners. It both ensures the fairly high yield on the pledged collateral and addresses the self-employed business owner's financing needs.
2. Credit enhancement and close transaction: The self-employed business owner's guarantee is backed by bank credit to support business activities and to encourage normal performance of contracts.
Applicable Clients:
Owners of self-employed business, market fairs, and chambers of commerce of other municipalities in Beijing. The availability of the product is currently limited to Beijing.
Price:
The Performance Bond – Self-Employed is subject to a fee assessed at 0.2‰ ~ 1‰ of amount of each guarantee. The floor guarantee fee is RMB 10.
Service Channels:
At Hua Xia Bank outlets provide performance bond consultancy, application, and processing. The Telephone Banking and Internet Banking provide advisory services.
Service Flows:
1. Application: The applicant presents application to Hua Xia Bank and supplies the required application documents.
2. Acceptance and approval: Hua Xia Bank staff-in-charge fills out the approval form and completes the approval procedures as per regulations.
3. Contract signing: Upon approval, Hua Xia Bank signs with the applicant the guarantee agreement and proceeds on counter-guarantee.
4. Writing guarantee letter: Hua Xia Bank writes guarantee letter to the applicant after collection of relevant service fees as per the agreement.
5. The parties file for guarantee termination and cancellation upon expiration of the guarantee letter.
Important Information:
1. The customer applying for Performance Bond – Self-Employed must provide adequate counter-guarantee to Hua Xia Bank. The means of counter-guarantee may be pledged Personal Certificate of Time Deposit or pledged Certificate T-bond. In addition, the line of counter-guarantee shall not fall through the sum of loan principal and interest. The pledged Personal Time Deposit Certificate must be under the title of the applicant and must be Time Deposit Certificate issued by Hua Xia Bank.
2. The tenors of the pledged Time Deposit Certificate and Certificate T-bonds must be longer than the tenor of the guarantee letter.
Definition:
Performance Bond – Second-Hand House is a guarantee arrangement where the individual customer pledges the Certificate of Time Deposit and T-bond issued through Hua Xia Bank in exchange for Hua Xia Bank's writing of Performance Bond – Second-Hand House. The arrangement provides guarantee for the benefit of the seller in the house sales contract (L/G beneficiary) covering the payment obligations of the customer (guarantee letter’s applicant) under house sales contract in property deals.
Features: Fairly large sum; credit enhancement, close transaction.
1. Fairly large sum: The maximum amount of guarantee may reach RMB 5 million.
2. Credit enhancement and close transaction: The customer guarantee is backed by bank credit to support the the buying and selling of second-hand property.
Applicable Clients:
Customer who buy second-hand houses, property intermediaries and law firms. The availability of the product is currently limited to Beijing.
Price:
Guarantee fee is assessed at 1‰ ~ 5‰ of the covered amount. The guarantee letter is counted as one year if the tenor falls within one year. The service fee is collected in lump sum and the floor fee rate is RMB 50.
Service Channels:
At Hua Xia Bank outlets provide performance bond consultancy, application, and processing. The Telephone Banking and Internet Banking provide advisory services.
Service Flows:
1. Application: The applicant presents application to Hua Xia Bank and supplies the required application documents.
2. Acceptance and approval: Hua Xia Bank staff-in-charge fills out the approval form and completes the approval procedures as per regulations.
3. Contract signing: Upon approval, Hua Xia Bank signs with the applicant the agreement and proceeds on counter-guarantee.
4. Writing guarantee letter: Hua Xia Bank writes guarantee letter to the applicant after collection of relevant service fees as per the agreement.
5. The parties file for guarantee termination and cancellation upon expiration of the guarantee letter.
Important Information:
1. Applicants should produce the property contract for the true and legal second-hand property deal. The property in question shall have property ownership certificate of truthful, legitimate, and clear property title. In case there are co-owners of the property, the co-owners' permission for sale is required.
2. Those who applying for the letter of guarantee on the second-hand house must provide adequate counter-guarantee to Hua Xia Bank. The means of counter-guarantee may be pledged Personal Certificate of Time Deposit or pledged Certificate T-bond. In addition, the line of counter-guarantee shall not fall through the sum of loan principal and interest. The pledged certificates must be under the title of the applicant and must be Time Deposit Certificate or T-bond issued by Hua Xia Bank.
3. The tenors of the pledged Time Deposit Certificate and Certificate T-bonds must be longer than the tenor of the guarantee letter.
Definition:
The Performance Bond - Personal Finance refers to guarantee arrangement where the individual customer pledges the Certificate of Time Deposit and T-bond issued through Hua Xia Bank in exchange for Hua Xia Bank's writing of Performance Bond - Personal Finance. In such arrangement, Hua Xia Bank provides performance guarantee for the benefit of the creditor (guarantee letter’s beneficiary) of Loan Agreement covering repayment obligations of the customer (guarantee letter’s applicant) under the Loan Agreement.
The guaranteed amount is the sum of principal and interest in the Loan Agreement and is capped at RMB 5 million.
Features: Fairly large sum, fairly long tenor; credit enhancement, close transaction.
1. Fairly large sum and long tenor: The maximum amount of guarantee may reach RMB 5 million with tenor stretched to 5 years.
2. Credit enhancement and close transaction: The customer guarantee is backed by bank credit to support consumption.
Applicable Clients:
Individual customers with need for personal financial service and are capable for repayment and counter-guarantee. The availability of the product is currently limited to Beijing.
Price:
Guarantee fee is assessed at 1‰ ~ 5‰ of the covered amount. The guarantee letter is counted as one year if the tenor falls within one year. The service fee is collected in lump sum and the floor fee rate is RMB 50.
Service Channels:
At Hua Xia Bank outlets provide performance bond consultancy, application, and processing. The Telephone Banking and Internet Banking provide advisory services.
Application Documents:
Valid ID card; original of loan contract or agreement; original copies of Personal Time Deposit Certificate or Certificate T-bond; other documents stipulated by Hua Xia Bank.
Service Flows:
1. Application: The applicant presents application to Hua Xia Bank and supplies the required application documents.
2. Acceptance and approval: Hua Xia Bank staff-in-charge fills out the approval form and completes the approval procedures as per regulations.
3. Contract signing: Upon approval, Hua Xia Bank signs with the applicant theagreement and proceeds on counter-guarantee.
4. Writing guarantee letter: Hua Xia Bank writes guarantee letter to the applicant after collection of relevant service fees as per the agreement.
5. The parties file for guarantee termination and cancellation upon expiration of the guarantee letter.
Important Information:
1. The applicant must provide adequate and valid counter-guarantee when filing for Performance Bond - Personal Finance. The means the counter-guarantee may be pledged Personal Certificate of Time Deposit or pledged Certificate T-bond. In addition, the line of counter-guarantee shall not fall through the sum of loan principal and interest.
2. The pledged Personal Time Deposit Certificate must be under the title of the applicant and must be issued by Hua Xia Bank. The tenors of the pledged Time Deposit Certificate and Certificate T-bonds must be longer than the tenor of the guarantee letter.
Definition:
Consumer Performance Bond refers to guarantee arrangement where the individual customer pledges the Certificate of Time Deposit and T-bond issued through Hua Xia Bank in exchange of Hua Xia Bank's guarantee letter for the benefit of the interested party (beneficiary) in the consumer contract that the customer (applicant) should perform in accordance with the contract.
Features:
Enhance credit, close transaction: Hua Xia Bank provides customer guarantee backed by bank credit, and therefore support the consumption activities and encourage trade.
Applicable Clients:
Natural person of full civil capacity of conduct, good credit track record, and ability to provide truth consumer contract or agreement.
Currency and Tenor:
The currency is RMB. The agreement stipulates the validity period of the guarantee letter.
Price:
Hua Xia Bank charges the applicant a guarantee fee assessed at 0.2-1‰ of the amount covered on the guarantee letter written to third parties. Minimum guarantee fee is RMB 10.
Service Channels:
At Hua Xia Bank outlet provides performance bond consultancy, application, and processing. Hua Xia Bank's Telephone Banking and Internet Banking provide advisory services.
Application Documents:
During application, the customer has to surrender valid ID card, the original of consumer contract or agreement, original of Personal Time Deposit passbook or Certificate T-bond, and other documents as required by Hua Xia Bank.
Service Flows:
1. Application: The applicant presents application to Hua Xia Bank and provides the relevant application documents as per required.
2. Acceptance and approval: Hua Xia Bank staff-in-charge fills out the approval form and completes the approval procedures as per regulations.
3. Contract signing: Upon approval, Hua Xia Bank signs with the applicant the guarantee letter issuance agreement and proceeds on counter-guarantee.
4. Writing guarantee letter: Hua Xia Bank writes guarantee letter to the applicant after collection of relevant service fees as per the agreement.
5. The parties file for guarantee termination and cancellation upon expiration of the guarantee letter.
Important Information:
1. During the tenor of the guarantee letter, in case the guarantee and the beneficiary need to amend or replace the guarantee letter due to contract revision, the guarantee and the beneficiary inform Hua Xia Bank in written on the changes. Hua Xia Bank makes the changes accordingly after approval. The guarantee and the beneficiary may request for the termination of guarantee letter. However, both parties shall advise Hua Xia Bank in written. Hua Xia Bank's guarantee liabilities are dismissed upon expiration of the guarantee tenor.
2. The Personal Time Deposit Certificate pledged under herein arrangement must be under the title of the applicant and must be issued by Hua Xia Bank. The personal CD written by other banks do not qualify for pledged collateral. The Certificate T-bond pledged under herein arrangement must be under the title of the applicant and issued through Hua Xia Bank after 1999 (incl. 1999). The Certificate T-bonds sold through other banks do not qualify for pledged collateral.
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