Provisions on the term of bank performance bond

Legal analysis: banks generally provide a guarantee period of up to 24 months. The letter of guarantee is issued according to the commercial contract, but it is not attached to the commercial contract. It is a legal document with independent legal effect.

Legal basis: Article 3 of the Law of People's Republic of China (PRC) Commercial Bank, a commercial bank may engage in some or all of the following businesses:

(1) Absorbing public deposits;

(2) Short-term, medium-term and long-term loans;

(3) Handling domestic and international settlement;

(4) Handling bill acceptance and discount;

(5) Issuing financial bonds.

(6) Acting as an agent to issue, honor and underwrite government bonds;

(7) buying and selling government bonds and financial bonds;

(eight) engaged in interbank lending;

(9) Acting as an agent for buying and selling foreign exchange;

(ten) engaged in bank card business;

(eleven) to provide letter of credit services and guarantees;

(12) Agency payment and insurance agency business;