Bonds
BONDS
Immigration Bond
A security bond/immigration bond, also known as foreign worker bond, is a legally binding contract to pay MOM (Ministry of Manpower) if the employer or work permit holder violates any of the Work Permit Conditions.
移民保证金，也被称为外籍员工保证金，是一份具有法律约束力的合同，如果雇主或工作许可证持有者违反任何工作许可证的条件，保证金将被人力部没收。
Performance Bond
Performance bonds are a type of security that is typically used in building and construction contracts, installation and servicing contracts, or other physical works, usually provided by a bank or an insurance company to the developer or contractor.
A performance bond guarantees the contractor completes a designated project within the specific period as well as to meet obligations specified in the contract. If satisfactory work is not completed, the insurer will compensate the client.
履约保证是一种通常用于建筑和施工合同、安装和服务合同或其他实体工程的担保，通常由银行或保险公司提供给开发商或承包商。
Credit Bond
Credit bond enable companies to transfer credit risk to insurance companies that provide the products.
Credit insurance, which applies exclusively to trade receivables, that is, invoices sent to customers after a sale. It is offered by insurance companies and indemnifies the policyholder if a client does not pay. Insurance companies also offer surety bonds. Their role is to provide a payment if counterparty fail to perform a contractual, legal, or tax obligation. There are two applications of surety bonds: contract bonds in the construction industry and commercial bonds in many industrial sectors. In addition, the letters of credit offered by banks are used to support transactions entered into by their clients, wherein, if counterparty does not perform on its obligations, the letter of credit is drawn, that is, the issuing bank pays on behalf of its client thereby reducing the losses.
信用债券使公司能够将信用风险转移给提供产品的保险公司。
信用保险，是专门为您的贸易应收账款提供保障，即销售后发送给客户的发票。它是由保险公司所提供，如果客户出现不付款的情况，出口信用保险公司则需赔偿投保人。保险公司还提供担保债券。他们的作用是当交易方未能履行合同、法律或税收义务时提供付款。担保债券可分为两种应用方式：建筑业的保证债券和许多工业领域的商业债券。此外，银行提供的信用证用于支持客户进行的交易，其中，如果对方不履行其义务，则出示信用证的单据，即银行（开证行）代表客户兑付一定金额，从而减少损失。
Employment Agency Bond
Employment agencies in Singapore are required to have an employment agency (EA) license. Before the EA license can be issued, a security bond (in the form of banker’s guarantee) is made payable to the Commissioner for Employment Agencies. It ensures that EAs conduct their business in accordance with the conditions imposed by the EA license and comply with the provisions of the Employment Agencies Act.
新加坡的所有职业介绍所在投入营运前必须申请职业介绍所执照（EAL）。在获取执照前，职业介绍所需以银行担保的形式向专员支付保证金。这是为了确保职业介绍所根据所规定的条件开展业务，并遵守相关法规。
Rental Bond
It is a security deposit paid by the tenant to the landlord at the start of the tenancy. A security deposit is around one or two months’ rent for every one month’s worth of rent for every year of the lease. The bond is refunded to the tenants when the rental period expires, provided that the property is vacated, and no money is owed for rent, damages or other costs.
这是租户在租约合同开始时向房东支付的保证金。新加坡一般租约合同上签一年需付一个月押金，租两年则需付两个月押金。押金在租期届满时将退还给租户，前提是房产腾空、租户没欠租金、房屋没有损坏或欠下其他费用。