Page: Payment Guarantee


Payment Guarantee

Used in contracting companies and departments.

Bank service fee

  • If insured, the commission will be charged at the same time as the PG at the time of PG per annum (2%) per annum.
  • At the expiration date, interest is charged at the rate of 2.5% per day on the insured amount.
  • In case of insurance, a daily commission of 5% per annum is charged on the sum insured.