T/GDPREA 001-2019 Standard Operating Procedure for Guangdong Province Public Resource Trading Guarantee Business

Scope

Scope: The scope of the guarantee and surety business for public resource transactions specified in this standard mainly includes the guarantee and surety for the transactions and performance of various types of public resource transaction projects and their related service projects. The guarantee and surety activities for extended projects related to public resource transaction business can be implemented in accordance with this standard. The public resource transaction business and its guarantee and surety services within the administrative area of Guangdong Province shall follow the principles of equality, fairness, honesty, and trustworthiness. The guarantee institutions and public resource transaction entities and related parties that conduct guarantee and surety business for public resource transactions shall comply with the provisions of this standard. Main technical content: In order to adapt to the needs of market-oriented reform and standardized and electronic development of the public resource transaction market, further standardize the guarantee and surety business for public resource transactions in Guangdong Province, ensure the normal and smooth performance of guarantee and surety contracts for public resource transaction projects, promote the application of guarantees and electronic guarantees in the field of public resource transactions, actively innovate the management mode of electronic guarantees, provide compliant, convenient, and efficient services for public resource transaction entities, and guide and promote the legal, compliant, orderly, and efficient conduct of financial services related to public resource transactions, the Guangdong Provincial Public Resource Transaction Association (hereinafter referred to as the Association) organized the formulation and issuance of this standard.

Development Information

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