The eGuarantees are transmitted through the Singapore Customs’ Networked Trade Platform (NTP). Photo: Bloomberg
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The Monetary Authority of Singapore (MAS) and the Ministry of Finance (MOF) has launched eGuarantee@Gov on Nov 2.
eGuarantee@Gov is a digital process for businesses and individuals to provide a banker’s guarantee or insurance bond to government agencies within a day. The process was jointly developed with the Association of Banks in Singapore (ABS) and in consultation with the General Insurance Association of Singapore (GIA).
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