By accepting counter-guarantees addressed to ING Bank which are issued by the bank of the overseas beneficiary upon the request of the beneficiary, we can issue letters of guarantee addressed to our customers. Since the risk of the correspondent bank is taken in this type of transactions, there is no need of a credit limit for the company.
- As collateral against the cash loans that our customers will take out from our bank, our customers can bring letters of guarantee issued by overseas banks that they have business relations with due to various reasons, and take out their loans by also fulfilling other requirements.
- To get detailed information about Letter of Guarantee from Overseas Parties, you can contact our nearest branch.
Who can take advantage of this product?
- Commercial companies
- Corporate companies