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Types of Financial Guarantees
Lease Bond
Employee's Loan Bond
 
Details of Financial Guarantees
Lease Bond
Principal (Contractor) The person obtaining a lease (Lessee)
Beneficiary (Obligee) The leasing company (Lessor).
Loss Coverable Any loss occurring in case the Principal fails to perform the obligation stipulated in the leasing contract.
Bond Period The period of the leasing contract.
Bond Amount The amount required by the Beneficiary.

Employee¡¯s Loan Bond
Principal Employee(s) who receives loans from the employer or employer affiliated banks for housing and/or stabilization of livelihood.
Beneficiary Employer/ Employer affiliated banks
Loss Coverable Any loss occurring in case the Principal fails to repay the principal and interest received from the Beneficiary.
Bond Period The period of the Loan Agreement between the Principal and Beneficiary (the bond period can be extended).
Bond Amount The principal loan amount or principal plus interest