Dear all,
Please be informed that we don’t have available credit facilities at the moment.
To issue BG, we need to put 100% cash collateral for this new issued BG.
In addition, the bank normally requires at least 5 business days to issue credit line and prepare the BG.
I’m now checking with Citibank and Region office to get BG line from Citi instead of using KBank as we need to hold big money with them.
I cannot commit that we could get BG within this coming Wednesday.