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    This document contains a sample text for a bank guarantee letter. The letter opens a bank guarantee for $1 billion USD and outlines the terms, including that the guarantee is irrevocable, unconditional, and payable upon presentation within 15 days of the maturity date without deductions. The guarantee will be governed by Uniform Customs and Practices for Documentary Credits and US law. No mail confirmation will follow as this is an operative instrument.

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    This document contains a sample text for a bank guarantee letter. The letter opens a bank guarantee for $1 billion USD and outlines the terms, including that the guarantee is irrevocable, unconditional, and payable upon presentation within 15 days of the maturity date without deductions. The guarantee will be governed by Uniform Customs and Practices for Documentary Credits and US law. No mail confirmation will follow as this is an operative instrument.

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    This document contains a sample text for a bank guarantee letter. The letter opens a bank guarantee for $1 billion USD and outlines the terms, including that the guarantee is irrevocable, unconditional, and payable upon presentation within 15 days of the maturity date without deductions. The guarantee will be governed by Uniform Customs and Practices for Documentary Credits and US law. No mail confirmation will follow as this is an operative instrument.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    131 views2 pages

    BG Format

    Uploaded by

    swapnilrane03
    This document contains a sample text for a bank guarantee letter. The letter opens a bank guarantee for $1 billion USD and outlines the terms, including that the guarantee is irrevocable, unconditional, and payable upon presentation within 15 days of the maturity date without deductions. The guarantee will be governed by Uniform Customs and Practices for Documentary Credits and US law. No mail confirmation will follow as this is an operative instrument.

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    of 2

    AGREED UPON WORDING BG

    FORMAT OF BANK GUARANTEE 758


    PROPOSED TEXT ONLY
    FINAL VERBIAGE MAY VARY FROM BANK TO BANK
    SWIFT MT760

    SWIFT INPUT
    SENDER
    SWIFT CODE
    AMOUNT
    ACCOUNT NAME
    ACCOUNT NUMBER
    IBAN

    RECEIVER
    RECEIVER BANK
    SWIFT CODE
    REFERENCE
    BANK GUARANTEE NUMBER
    CURRENCY CODE
    DATE OF ISSUE
    DATE AND PLACE OF EXPIRY

    ------------------------------------------------SWIFT MESSAGE TEXT---------------------------------------------


    WE HEREWITH OPEN OUR BANK GUARANTEE NUMBER (INTERNAL NUMBER) AS FOLLOWS:
    FOR VALUE RECEIVED BY US, WE ______________________ HEREBY IRREVOCABLY AND
    UNCONDITIONALLY AND WITHOUT PROTEST OR NOFITICATION PROMISE TO PAY AGAINST
    THIS BANK GUARANTEE NUMBER (INTERNAL NUMBER) IN FAVOR OF
    _____________________ OR THE HOLDER OR BEARER THEREOF ON MATURITY DATE OF
    ________________ THE SUM OF ONE BILLION USD ($1,000,000,000 USD) ONLY IN THE
    LAWFUL CURRENCY OF USD UPON PRESENTATION TO US AND SURRENDER OF THE
    ORIGINAL OF THIS GUARANTEE AT OUR COUNTERS ON MATURITY BUT NOT LATER THAN 15
    CALENDAR DAYS AFTER THE MATURITY DATE.

    SUCH PAYMENT SHALL BE MADE WITHOUT SET OFF AND CLEAR OF ANY DEDUCTIONS,
    CHARGES, FEES, TAXES, DUTIES OR WITHHOLDINGS OF ANY NATURE NOW OR HEREAFTER
    IMPOSED, LEVIED, COLLECTED, WITHHELD OR ASSESSED BY THE GOVERNMENT OF
    ______________ OF ANY POLITICAL SUBDIVISION OR AUTHORITY THEREOF OR THEREIN.
    THIS GUARANTEE IS FULLY CONFIMRED AND IS CASH BACKED, WILL NOT BE CHANGED,
    ALTERED, AMENDED, IS FREE AND CLEAR OF ANY LIENS AND IS DIVISIBLE, TRANSFERABLE,
    CALLABLE AND ASSIGNABLE WITHOUT PRESENTATION TO US OR PAYMENT OF ANY
    TRANSFER OF ASSIGNMENT FEE.
    THIS GUARANTEE IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICES RULES FOR BANK
    INSTRUMENTS IN ACCORDANCE WITH THE INTERNATIONAL CHAMBER OF COMMERCE
    (PARIS/FRANCE) PUBLICATION NUMBER 758.
    THIS GUARANTEE SHALL BE GOVERNED BY AND CUSTRUED IN ACCRODANCE WITH THE
    LAWS OF THE UNITED STATES OF AMERICA.
    THIS IS AN OPERATIVE INSTRUMENT AND NO MAIL CONFIRMATION WILL FOLLOW.

    AUTHORISED BANK OFFICER AUTHORISED BANK OFFICER


    GROUP FINANCE DIRECTOR COMMERCIAL DIRECTOR
    TITLE/PIN CODE TITLE/PIN CODE

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