HSBC Fusion Bank Guarantee is a guarantee letter issued by PT Bank HSBC Indonesia on behalf of our customer to a third party , acting as a guarantor undertaking to pay an agreed sum if the customer defaults in fulfilling their contractual obligations under the terms and conditions of the guarantee.

This product is valid for Indonesian citizens domiciled in Indonesia for working capital needs and not for personal needs:

• Sole Traders (Individual)
• Partnerships (CV)
• Entities (PT)

Constraints will be applied in order to manage risk:

• Guarantees will be 100% cash-secured
• Tenors will be limited to 12 months (with option to renew)
• Issued locally and not for cross border

• Advance Payment Bond - Guarantees issued for payments received by customers to ensure the completion of a project paid in advance by a third party.
• Bid-bond - Guarantees issued for tender contracts, providing repayment of loss towards project owners if the customer fails to fulfill the terms of the tender contract.
• Performance Bond - Guarantees issued for the period of contract, in addition to a grace period as an option for project owners to claim in the event customers did not fulfill the terms of the contract.
• Financial Bond - Guarantees issued for the contract period, in addition to a grace period as an option for project owners to claim in the event customer defaults payments on the contract.