eGuarantee@Gov

eGuarantee@Gov

Quicker and easier Banker’s Guarantee
application with pre-approved templates for
government agencies, statutory boards and more

eGuarantee@Gov

Quicker and easier Banker’s Guarantee
application with pre-approved templates for
government agencies, statutory boards and more

At a Glance

eGuarantee@Gov helps you meet government contract and regulatory requirements more easily. With pre-approved templates and digital submission, you can skip the paperwork and get things done faster. Now accepted by multiple government agencies, statutory boards and more.

Features & Benefits
Hassle-free Guarantee Formats

Hassle-free Guarantee Formats

Standardised guarantee formats with all onboarded agencies ensuring faster, smoother processing every time.

Speedy Guarantee Issuance

Speedy Guarantee Issuance

Benefit from quicker turnaround for issuance and digital delivery of your guarantee.

Cost savings

Cost savings

Save time and reduce costs with fully digital guarantees. 

Apply Anytime, Anywhere

Apply Anytime, Anywhere

Skip the branch with our digital platform, DBS IDEAL allows you to log in and submit applications 24/7.

How it Works

 
Once the data is successfully transmitted via NTP, your eGuarantee will be officially issued.

The beneficiary has five business days to review the information. If the eGuarantee is rejected during this period, we will contact you.

Fee

Please refer to the Trade Pricing Guide.

How to Apply

With DBS IDEAL Trade Finance 

Step 1: Log in to DBS IDEAL. From the left menu, select ‘Trade Finance’, then click on ‘Issue new Banker’s Guarantee’. 


 

Step 2: Click ‘Select or enter beneficiary’ and enter the Beneficiary Name. From the search results, select the relevant beneficiary that is tagged with ‘eGuarantee’. 

 
 

Step 3: The available eGuarantee template reference codes will be displayed. 
Select the required template to load it and fill in the necessary details. 

For GOV_UT, enter the Applicant Reference No. under "UEN of applicant named in guarantee". 


 

Without DBS IDEAL Trade Finance 
Apply for DBS IDEAL Trade Finance access using DBS IDEAL Online Maintenance Form to enjoy seamless application. 


Alternatively, you can also submit your Trade Application Form at our Trade Document Counters or collection branches.  

  • Under delivery instructions, select “Please contact us for self-collection.” We will process the eGuarantee and deliver it to the beneficiary via NTP. An issuance advice will be sent to you once completed. 
  • For eGuarantee details including template reference code, case reference number, and applicant reference number, please fill in the details under Special Instructions.
     
FAQs
What eGuarantee template/ format should I use?

The available formats for your eGuarantee are listed below. 
This table is extracted from the eGuarantee@Gov website.

Template Reference Document Agencies Using Template Description
GOV_UT  GOV_UT.pdf All participating Agencies 

For use cases that require an on-demand guarantee 

All onboarded agencies will commence adoption of UT for all new tenders/applications issued on or after 6 March 2024 
MOM_SB_MW  MOM_SB_MW.pdf MOM - Migrant Worker Bond  For banks issuing a guarantee for MOM's Migrant Worker Bond use cases 

 
How will the Banker’s Guarantee (BG) be delivered to the beneficiary?

For eGuarantee, the bank will transfer the BG details as data points via the Networked Trade Platform to the beneficiary. Once the data is successfully transmitted via NTP, the BG is officially issued to the beneficiary. Beneficiary has 5 business days to review the submission. If there is any rejection, DBS will contact you to resolve the issue.
What details do I need to provide?

General Instructions

  • eGuarantee formats are pre-agreed by onboarded agencies and financial institutions; therefore, no changes are allowed. Any deviation will not be considered an eGuarantee issuance.
  • For Smart Form: You do not need to provide a copy of the guarantee text for eGuarantee issuance. Instead, quote the Template Reference (GOV_UT or MOM_SB_MW) in the “Guarantee Format” box.
  • Other required details must be provided. For DBS IDEAL, the requirements are pre-populated. For Smart Form, please provide these details under “Any Other Details or Special Instructions”.

Dataset Requirements

Dataset Description
CASE_REF The case reference number linked to the procurement contract or licence application that requires the eGuarantee. It may be the contract number, application number, licence application number, or any reference provided by the beneficiary. For MOM_SB_MW, this refers to the Foreign Identification Number (FIN) of the foreign worker.
APP_NAME The name of the applicant for the eGuarantee.
APP_REF

The applicant reference number.  
- Businesses: Provide UEN
- Individuals: Provide NRIC or FIN
- MOM_SB_MW: Provide Employer’s CPF Submission Number

For IDEAL (GOV_UT), enter the Applicant Reference No. under “UEN of applicant named in guarantee”.
AU_EXT (Only GOV_UT) Insert auto-extension period (e.g., 180 days). Leave blank if not applicable.
FIN_EXT (Only GOV_UT) Insert final extension period (e.g., 180 days). Leave blank if not applicable.
PURP_GUA (Only GOV_UT) Optional: State the purpose of the guarantee if required (e.g., “For tender deposit for sale site”).

 

Additional Note
For MOM_SB_MW and Employment Agency Licensing issuances, please provide this information in accordance with the details stipulated in the In-Principle Approval (IPA) from MOM.
How do I apply for MOM employment agency licensing?

This was previously issued to Commissioner for Employment Agency but now issued to Ministry of Manpower (MOM).

For other information to be provided e.g., Case reference number, applicant reference number etc., please provide in accordance with the information stipulated in the In-Principle Approval (IPA) from MOM.

For DBS IDEAL application: If you are applying on behalf of your client, please note that applicant name in guarantee should be your client’s name in accordance with the “Applicant name” required in the IPA.
How can I issue an eGuarantee against a cash margin?

Submit the application form and select the cash account where the full amount of the guarantee will be debited from. This cash will be used to secure the guarantee. Once the guarantee is discharged, the full amount, minus any claims and charges (if any) paid, will be returned to you. 
Get in touch
Make an online enquiry

Make an online enquiry

Call

Call

From overseas: +65 6222 2200
In Singapore: 1800 222 2200
Operating hours: 8.30am to 8.30pm, Mon - Fri (excluding PH)