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ttb letter of guarantee (L/G)

ttb letter of guarantee (L/G) is a document issued by Bank to guarantee the customer that if customer cannot deliver or not comply with the contract / agreement with the beneficiary who are Government, State of Enterprise and Corporate company, Bank will be responsible for the damaged incurred but not exceed the guarantee amount that specific on the L/G.

Types of letter of guarantee we offer

  • Bid bond
  • Performance bond
  • Advance payment bond
  • Retention bond
  • Purchase/Merchandize bond
  • Utility bond
  • Customs/Tax bond
  • Lending Bond
  • Others e.g. Guarantee to the court
  1. Gain confidence in Government, State of Enterprise and Corporate company, as the bank will take responsibility in the event of damage on behalf of customer. The beneficiary of the letter of guarantee can be assured that the customer will be able to perform according to the contract. If the customer cannot fulfill the contract, the bank will be responsible on behalf of the customer as stated in the letter.
  2. Our letter of guarantee is variety in order to to meet the business group’s guarantee objectives.
  3. The process of issuing a letter of guarantee is easy, convenient, quick. and using letter of guarantee instead of other collaterals e.g. cash, bonds, etc.
  1. Juristic persons registered to operate a business in Thailand.
  2. Have been in business for at least 2 years.
  3. Profits in the past 3 years are positive.
  4. Pass the National Credit Bureau check and no history of late payment. Borrowers must not in the process of debt restructuring contract and currently not considered NPL by any financial institution prior to application.
  5. Borrowers must not be sued in any monetary cases and not be declared bankruptcy or not receive the court order for business rehabilitation prior to application. Remark: Other qualifications are as per the bank’s regulations.
Document Required

For Juristic Persons

  1. Company Certificate issued by the Ministry of Commerce /Office of the Company Limited and Partnership Registration, and objectives of Juristic person
  2. Company share holder report
  3. Juristic person’s regulations / Partnership agreement letter
  4. Financial report statement and financial auditor’s report
  5. Internal financial statement report or value added tax return form (Por. Por. 30)
  6. Commercial documents such as A/R, A/P, Inventory report, Bill purchase
  7. Licenses required to operate the business according to the type of industry
Download Documents