Amend Letter of Guarantee

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Government Business

The service allows the Government Sector to create a newAmendment request for Letter of Guarantee (Amend an amount, or Extend Expiry Date)

SLA Page
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Targeted Category

Banking Sector (Local Banks, Forgien Banks, Financial non-banking, and FinTechs), Private Sectors (Vendors), Government Sector

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Duration

8 Working hours

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Service Channels

Etimad Portal

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Service Language

Arabic ، English

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Fees

100 SR for each Request approved by Private Sector (Vendors)

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SMS Availability Status
Not Available
Payment Methods
Sadad Icon


Related Applications
Not Available
Steps to request a new Amendment on Letter of Guarantee via Letter of Guarantee system:
1- Login into Etimad Portal
2- Enter Letter of Guarantee Service
3- View all Letter of Guarantee requests (initial and final)
4- select the required Letter of Guarantee to manage/take an action (i.e. Release, Amend)
5- View the Letter of Guarantee details and click on Amend
6- Select the Amendment type (Amount, Date) and fill the required information.
7- Click on Send to send the request to Private Sector (Vendors)

Steps to request a new Amendment on Letter of Guarantee (for Vendors):
1- Login into Etimad Portal
2- Enter Letter of Guarantee Service
3- Go to Requests inbox to view all pending requests made by Government Sector
4- Select the request to view its details
5- fill in the required information before sending the request to the issuer bank.
6- Moving to Payment page where the user must select the payment type and and proceed with payment fees. 7- The request shall be sent to the issuer Bank to review.

Steps to request a new Amendment on Letter of Guarantee (for Banks):
1- Login into Etimad Portal
2- Enter Letter of Guarantee Service
3- View all requests made by vendors and select the request
4- View the request details and take the desired action:
- Approve the request
- Reject the request
5- In case of approving the request, the user shall be shift to Letter of Guarantee information to Enter the new values (new amount or new expiry date) and attaching a copy of a Amendment Letter.
6- System now shall allow all 3 users (Government, Vendors, and Banks) to view all Amendment attachments inside the Letter of Guarantee details page.
1- Private Sector (Vendors) and Banking Sector should obtain a valid Etimad annual subscription.
2- User must have the required permission to access the service (permission name: إدارة الضمانات البنكية)
N/A
Users Icon
Targeted Category

Banking Sector (Local Banks, Forgien Banks, Financial non-banking, and FinTechs), Private Sectors (Vendors), Government Sector

Time Icon
Duration

8 Working hours

Device Icon
Service Channels

Etimad Portal

Service Languages Icon
Service Language

Arabic ، English

Riyal Icon
Fees

100 SR for each Request approved by Private Sector (Vendors)

Riyal Icon
SMS Availability Status
Not Available
Payment Methods
Sadad Icon


Related Applications
Not Available

Rollout Date :   27-11-2021

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