The following format is to be used for your Letter of Guarantee:
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Bank Letter of Guarantee Format
To write a personal business check for purchase(s) against funds drawn on and payable from your financial institution, a Letter of Guarantee must be submitted with your application to approve your desired bid limit and verify available funds and account information. You must pay for purchase(s) with a check written against this account only. No other checks will be accepted. Letters must be written on Bank Letterhead using the format below.
Canadian Bidders
Date: [Date of Letter]
To: Switzer Auction Service
Box 2062
Swift Current, Saskatchewan
S9H 4M7
Re: [Bidder's Name
or Bidder's Name and Company Name]
[Complete Address, Phone and Fax Number]
Name of Auction_____________________________________________
Date of Auction______________________________________________
Item to Bid on_______________________________________________
This letter shall serve as your notification that [BANK NAME] will honour/guarantee payment of any check(s) written by [BIDDER NAME] up to the amount of [BIDDING LIMIT].
OR that [BANK NAME] will honour/guarantee Transfer of Funds as instructed by [BIDDER NAME] up to the amount of [BIDDING LIMIT] the next banking day following the purchase(s).
This guarantee of check(s) applies only to the Switzer Auction Service for all the purchase(s) made on [DATE OF AUCTION, YEAR]. No stop payment will be issued. If further information is needed, please feel free to contact this office.
Sincerely,
[Bank Officer Signature]
[Bank Officer Name and Title]
[Bank Address]
[Bank Officer Direct Telephone Line Number]
To: Switzer Auction Service
Box 2062
Swift Current, Saskatchewan
S9H 4M7
Re: [Bidder's Name
or Bidder's Name and Company Name]
[Complete Address, Phone and Fax Number]
Name of Auction_____________________________________________
Date of Auction______________________________________________
Item to Bid on_______________________________________________
This letter shall serve as your notification that [BANK NAME] will honour/guarantee payment of any check(s) written by [BIDDER NAME] up to the amount of [BIDDING LIMIT].
OR that [BANK NAME] will honour/guarantee Transfer of Funds as instructed by [BIDDER NAME] up to the amount of [BIDDING LIMIT] the next banking day following the purchase(s).
This guarantee of check(s) applies only to the Switzer Auction Service for all the purchase(s) made on [DATE OF AUCTION, YEAR]. No stop payment will be issued. If further information is needed, please feel free to contact this office.
Sincerely,
[Bank Officer Signature]
[Bank Officer Name and Title]
[Bank Address]
[Bank Officer Direct Telephone Line Number]
A Letter of Guarantee must be submitted with your application to approve your desired bid limit and verify available funds.
Bank Letter Format - FOREIGN BIDDERS
Date: [Date of Letter]
To: Switzer Auction Service
Box 2062
Swift Current, Saskatchewan
S9H 4M7
Re: [Bidder's Name
or Bidder's Name and Company Name]
[Complete Address, Phone and Fax Number]
Name of Auction_____________________________________________
Date of Auction______________________________________________
Item to Bid on_______________________________________________
This letter shall serve as your notification that [BANK NAME] will honour/guarantee Transfer of Funds as instructed by [BIDDER NAME] up to the amount of [BIDDING LIMIT] the next banking day following the purchase(s).
This guarantee applies only to the Switzer Auction Service for all the purchase(s) made on [DATE OF AUCTION, YEAR]. No stop payment will be issued. If further information is needed, please feel free to contact this office.
Sincerely,
[Bank Officer Signature]
[Bank Officer Name and Title]
[Bank Address]
[Bank Officer Direct Telephone Line Number]
To: Switzer Auction Service
Box 2062
Swift Current, Saskatchewan
S9H 4M7
Re: [Bidder's Name
or Bidder's Name and Company Name]
[Complete Address, Phone and Fax Number]
Name of Auction_____________________________________________
Date of Auction______________________________________________
Item to Bid on_______________________________________________
This letter shall serve as your notification that [BANK NAME] will honour/guarantee Transfer of Funds as instructed by [BIDDER NAME] up to the amount of [BIDDING LIMIT] the next banking day following the purchase(s).
This guarantee applies only to the Switzer Auction Service for all the purchase(s) made on [DATE OF AUCTION, YEAR]. No stop payment will be issued. If further information is needed, please feel free to contact this office.
Sincerely,
[Bank Officer Signature]
[Bank Officer Name and Title]
[Bank Address]
[Bank Officer Direct Telephone Line Number]