{"id":42,"date":"2016-03-23T01:19:04","date_gmt":"2016-03-23T01:19:04","guid":{"rendered":"http:\/\/sgic.com.vn\/en\/?page_id=42"},"modified":"2025-12-03T08:19:29","modified_gmt":"2025-12-03T08:19:29","slug":"bond-issuance","status":"publish","type":"page","link":"https:\/\/sgic.com.vn\/en\/products-service\/bond-issuance\/","title":{"rendered":"Bond Issuance"},"content":{"rendered":"

How to choose a product<\/h3>\n
\n\t<\/div>\n<\/div><\/div><\/div><\/div><\/div>

Step 1<\/h3>\n
\n\t

Check the risk type to be secured by a product.
\n<\/strong><\/span>Before product selection, risk type should be checked to review what will be the loss incurring from the Principal\u2019s default, and to what degree the loss will be secured.
\nPlease refer to the section of products introduction for specific information what risk each product covers.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div>

Step 2<\/h3>\n
\n\t

Check to see if the bond amount is appropriate.<\/strong><\/span>Bond amount and bond period are determined according to the terms and conditions of the contract. Mostly the bond amount is calculated a certain percentage of the contract amount, and the bond period normally goes with the contract period.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div>

Step 3<\/h3>\n
\n\t

Check the following factors that determine bond premium.<\/strong><\/span>Premium rates vary depending on factors such as risk type, range of loss, bond amount and period, and claim payment criteria and method.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div>

Bond Issuance Process<\/h3>\n
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Contract Bonds & Fidelity Guarantee Insurance<\/h4>\n
    \n
  1. Client Registration
    \nTo apply for a bond, a client needs to be registered by SGI Hanoi Branch. To register the client information, the client is requested to submit the documents as below;<\/p>\n

    Documents needed : Certificate of business registration\/Certificate of investment registration, Certificate of tax registration, Audited financial statement for recent 3 years, Progress report on on-going project etc.<\/p>\n

    Fidelity Guarantee Insurance product case, the consent forms for the Employee (Obligor)'s personal data processing is required.<\/li>\n

  2. Bond Application
    \nThe Principal submits the application form (SGI Hanoi Branch Form) and other required documents to the Branch Office. Please check the documents needed for bond application.<\/p>\n

    Documents needed : Bond application form, Contract or Subcontract including bill of quantity, Settlement agreement (esp. for Maintenance Bond), brochure of the company or credit report etc.<\/li>\n

  3. Underwriting Review on Bond Application
    \nThe underwriter reviews the application submitted and the contract. In case the Principal has selected a wrong product or the bond amount or bond period does not match with the contract, the bond application should be amended properly.<\/p>\n

    The underwriter evaluates and analyzes the Principal\u2019s ability and the Employee (Obligor)'s credit to perform obligations under the contract.<\/li>\n

  4. Issuance of Debit Note for premium payment
    \nWhen underwriting has been finished, SGI Hanoi Branch issues debit note for premium payment<\/li>\n
  5. Payment of premium
    \nThe Principal pays the premium by cash or bank transfer. Payment by credit card is not acceptable.<\/li>\n
  6. Conclusion of bond agreement
    \nThe Principal is requested to conclude a\u00a0bond agreement with SGI Hanoi Branch. To conclude the bond agreement, corporate seal and signature by a legally authorized representative of the Principal are required.<\/p>\n

    Documents needed : notarized copy of certificate of investment or certificate of business registration, notarized copy of certificate of tax registration, copy of ID card of a\u00a0person who has authority to sign on the bond agreement, original copy of power of attorney(if applicable)
    \n* For Fidelity Guarantee Insurance , Indemnity Agreement signed between the Employee (Obligor) and SGI Hanoi is required.<\/li>\n

  7. Issuance of Bond and VAT invoice
    \nSGI Hanoi Branch issues the bond and VAT invoice. The bond is written in English.<\/li>\n<\/ol>\n

     <\/p>\n

    Personal Loan Bond<\/h4>\n

    The application for personal loan bond can be made at the bank which has signed the comprehensive agreement with SGI Hanoi Branch. Currently, Shinhan Bank Vietnam is the exclusive\u00a0partner for this product. Please contact the nearest branch of Shinhan Bank for more details on this product.
    \n <\/p>\n

    Personal Loan Guarantee Insurance<\/h4>\n

    The application for Personal Loan Guarantee Insurance can be made by the method as mutual agreed in the Comprehensive Agreement between SGI Hanoi Branch and the Banks. Currently, Shinhan Bank Vietnam and Woori Bank Vietnam are the partners for this product.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"

    How to choose a product Step 1 Check the risk type to be secured by a product. Before product selection, risk type should be checked to review what will be the loss incurring from the Principal\u2019s default, and to what degree the loss will be secured. Please refer to the section of products introduction for […]<\/p>\n","protected":false},"author":1,"featured_media":119,"parent":20,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-42","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/sgic.com.vn\/en\/wp-json\/wp\/v2\/pages\/42","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sgic.com.vn\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sgic.com.vn\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sgic.com.vn\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sgic.com.vn\/en\/wp-json\/wp\/v2\/comments?post=42"}],"version-history":[{"count":5,"href":"https:\/\/sgic.com.vn\/en\/wp-json\/wp\/v2\/pages\/42\/revisions"}],"predecessor-version":[{"id":725,"href":"https:\/\/sgic.com.vn\/en\/wp-json\/wp\/v2\/pages\/42\/revisions\/725"}],"up":[{"embeddable":true,"href":"https:\/\/sgic.com.vn\/en\/wp-json\/wp\/v2\/pages\/20"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sgic.com.vn\/en\/wp-json\/wp\/v2\/media\/119"}],"wp:attachment":[{"href":"https:\/\/sgic.com.vn\/en\/wp-json\/wp\/v2\/media?parent=42"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}