Krungsri e-Guarantee on Blockchain

Electronic Letter of Guarantee via Blockchain
 

• Convenient. No time wasted in travelling to present the Letter of Guarantee to the beneficiary in person.
• Convenient. No time wasted in submitting a request for letter of guarantee at the bank. The request can be submitted online via Krungsri Biz Online.
• Speedy. The Letter of Guarantee can be issued in 4 hours.
• Less document processing. No more loss, duplicates or even forgery as the Letter of Guarantee is an electronic document.

1. Customer submits a guarantee request to the beneficiary through Krungsri BIZ Online (KBOL).
2. The system sends an alert and an SMS for customer approval through KBOL. (in the case that the customer has specified that a prior approval is needed).
3. The customer approves the issue of Letter of Guarantee (if any).
4. The bank forwards the Electronic Letter of Guarantee to the beneficiary.
5. The bank sends an SMS/e-mail to inform the customer of the delivery of the Letter.

1. Customer submits a guarantee request to the beneficiary at any Krungsri branch.
2. The bank forwards the Electronic Letter of Guarantee to the beneficiary.
3. The bank sends an SMS/e-mail to inform the customer of the delivery of the Letter.

1. Customer submits a guarantee request to the beneficiary through the beneficiary’s Web Portal.
2. The system sends an alert and an SMS for customer approval through KBOL (in the case that the customer has specified that a prior approval is needed).
3. The customer approves the issue of Letter of Guarantee through KBOL (if any).
4. The bank forwards the Electronic Letter of Guarantee to the beneficiary.
5. The bank sends an SMS/e-mail to inform the customer of the delivery of the Letter.

1. The customer must have taken out a loan with Krungsri with a loan commitment/letter of guarantee.
2. Other conditions and fees are in accordance with bank regulations.