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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.

Fees

Please refer to the Trade Pricing Guide.

How to Apply

With DBS IDEAL Trade Finance

Apply via DBS IDEAL

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 reference code(s) 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.  

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 ReferenceDocumentAgencies UsingTemplate Description
GOV_UT GOV_UT.pdfAll 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.pdfMOM - Migrant Worker Bond For banks issuing a guarantee for MOM's Migrant Worker Bond use cases 
CUSTOMS_REGCUSTOMS_REG.pdfCustoms Security Deposit Guarantee for Compliance with Regulatory Requirements 

 
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?

You may refer to the footnote description in the template/ format for the details required. Otherwise, specific details will be provided by your beneficiary.
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
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