Can the letter of guarantee received by Hong Kong trading company from Qingdao Hongkong and Shanghai Banking Corporation be transferred?

There are many types of guarantee, such as performance guarantee, bid guarantee and quality guarantee. Under normal circumstances, the beneficiary of the letter of guarantee cannot be changed. In other words, unless the contents of the bank guarantee are specified, the guarantee cannot be transferred. Your company has received a letter of guarantee issued by other companies, and the beneficiary is your company; If you ask other companies to issue a letter of guarantee in favor of Qingdao HSBC, the guarantee condition is to give your company the same credit line, then your company can issue corresponding letters of guarantee to other customers of your company according to business needs. This is different from the legal responsibility of transferring letters of credit. The bank issues a letter of guarantee (within the validity period), the beneficiary needs foreign exchange, and the bank pays unconditionally.