Letters of credit are conditional bank guarantee of payment.

信用证是银行有条件的付款保证.

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Wording of the bank guarantee should be preliminarily agreed by parties.

该银行保函的措词应当由双方初步商定.

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Non - financing bank guarantee includes bidding guarantee, performance bonds, prepayment guarantee and import payment guarantee.

非 融资性保函包括投标 、 覆约担保 、 预付款担保、进口付款担保等.

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Financing bank guarantee includes financing guarantee, financing leasing guarantee, overdue guarantee, deferred payment guarantee and etc.

融资性保函包括融资担保 、 融资租赁担保 、 透支担保 、 延期付款担保等.

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