Purpose of Guarantee texts
Find the standard Purpose of Guarantee Texts used by Participating Beneficiaries.
Introduction to Purpose of Guarantee Texts
The Purpose of Guarantee (PURP_GUA) field provides a brief description of the context in which the Guarantee is being provided. It is used only in "many-to-one" scenarios, where multiple guarantees are linked to a single contract or licensing application, to differentiate the guarantees.
Important: The field should be left blank in "one-to-one" scenarios, where only one guarantee is linked to a contract or licensing application.
Types of Purpose of Guarantee Texts
The following table lists commonly used Purpose of Guarantee texts used by Participating Beneficiaries. If you are unsure which text to use, please consult the relevant Participating Beneficiary.
Commonly used Purpose of Guarantee texts and the Participating Beneficiaries that commonly use them
Purpose of Guarantee Text (PURP_GUA) | Purpose of Guarantee texts |
|---|---|
| Commonly used by HDB, JTC, SLA, URA for land sales use cases. |
| Commonly used by LTA. |
