Bank Guarantee (mt760)

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No, We have a global presence with 60% of our partners, clients and investors based outside of Singapore.

Bank guarantees are often required in business transactions to provide assurance to the beneficiary that financial obligations will be met, such as fulfilling a contract or securing a payment.

Yes, WEE makes direct applications to Top AA rated banks on behalf of our clients and with our influence in the banking world, we stand as guarantors to guarantee clients performance, making SBLC issuance easy and straightforward.

Minimum face value is 1M and maximum is 1B+

The processing time can vary depending on the completeness of your application and the bank's internal review process. It usually ranges from a few days to a couple of weeks.

Yes, service fees are non-negotiable and must be paid prior to contract execution.  These fees do not only cover bank charges but also present our clients to be credit worthy while making us a committed guarantor.

Wee offer full refund of any fees paid if for any reason a customer expresses unsatisfactory experience.

BG generally cost about 5% of the face value to lease the instrument and 35% of the face value to purchase a fresh cut bank instrument. Any fees paid upfront is deducted from the total cost.

Yes, we take the security of your information seriously. Our website and systems are equipped with safeguards to protect your data during the application and issuance process.

Typically, you'll need to submit documents such as company registration certificates, financial statements, and details of the beneficiary.

Bank guarantees typically have an expiration date specified in the document. Generally, BGs are valid for a year and one day but can be renewed upon expiration.

If the beneficiary makes a claim under the bank guarantee due to your default, the bank will honor the guarantee by making the payment to the beneficiary on your behalf.

Yes, bank guarantees are renewable.