Product Description: is a deposit at Kienlongbank for securing fulfillment of financial obligations in business transactions of customers toward Kienlongbank or to related parties.
Target customers: Vietnam and foreign legal entities/individuals.
Deposit term: Term / No term.
Deposit type: VND, USD.
Interest rate: Depending on business or purpose, Kienlongbank shall apply term or non-term rates.
Fees: See fee schedule.
Use of account:
- For opening and payment of letters of credit (L/C) at Kienlongbank.
- For issuance and payment of guarantee by Kienlongbank.
- Deposit as required to operate a number of businesses by the State's regulations such as travel, labor export, job introduction activities ...
Other regulations: Depending on types of deposit, customer may or may not use the security deposit amount during business performance time.