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1. Bank Details and Reference: Letterhead and reference number of the issuing bank
2. Date: Date of issuance of the counter guarantee
3. Beneficiary Details: Full name and address of the bank receiving the counter guarantee
4. Counter Guarantee Number: Unique identifier for the counter guarantee
5. Reference to Original Guarantee: Details of the primary guarantee being counter-guaranteed, including its reference number and parties
6. Amount and Currency: The maximum amount and currency of the counter guarantee
7. Purpose of Guarantee: Description of the underlying transaction or reason for the guarantee
8. Terms of Payment: Conditions under which the counter guarantee can be called and payment procedures
9. Validity Period: Effective date and expiry date of the counter guarantee
10. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant jurisdiction
11. Authentication: Official bank signatures, stamps, and SWIFT codes where applicable
1. Language Clause: Required when the counter guarantee is issued in multiple languages, specifying which version prevails
2. Reduction Clause: Used when the counter guarantee amount can be reduced over time according to specific conditions
3. Assignment Restrictions: Include when there are specific restrictions on the assignment or transfer of the counter guarantee
4. Force Majeure Provisions: Added for international counter guarantees to address unforeseen circumstances
5. Electronic Presentation Clause: Required when allowing electronic presentation of documents
6. Claim Period Extension: Used when specific post-expiry claim periods are allowed
1. Copy of Original Guarantee: Attached copy of the primary guarantee being counter-guaranteed
2. Payment Instructions: Detailed banking coordinates and procedures for payment
3. Required Claim Documents: List of documents required to be presented with any claim
4. Authority Documents: Proof of authority of bank signatories
5. SWIFT Messages: Copies of relevant SWIFT messages if the counter guarantee is issued via SWIFT
Applicant
Banking Day
Beneficiary
Counter-Guarantee
Demand
Expiry Date
Guarantee Amount
Guarantor Bank
Instructing Party
Original Guarantee
Payment Obligation
Presentation
Principal
SWIFT
Supporting Documents
Ultimate Beneficiary
Validity Period
Complying Presentation
Force Majeure Event
Business Day
Guarantee Currency
Counter-Guarantor
Effective Date
Permitted Assignment
Claim Notice
Documentary Requirements
Non-Banking Day
Electronic Presentation
Reduction Schedule
Payment Terms
Validity Period
Demand Requirements
Documentary Conditions
Notice Requirements
Governing Law
Jurisdiction
Assignment
Force Majeure
Reduction Terms
Claim Procedures
Communications
Bank Charges
Currency Provisions
Electronic Presentations
Language
Amendment Terms
Authentication
Dispute Resolution
Compliance with Laws
Representations and Warranties
Cancellation Terms
Expiry Conditions
Transfer Rights
Severability
Entire Agreement
SWIFT Requirements
Confidentiality
Counterparts
Banking and Financial Services
Construction and Infrastructure
International Trade
Oil and Gas
Real Estate Development
Government and Public Sector
Manufacturing
Energy
Telecommunications
Maritime and Shipping
Legal
Finance
Treasury
Risk Management
Compliance
Trade Finance
Corporate Banking
International Banking
Credit Administration
Operations
Chief Financial Officer
Treasury Manager
Trade Finance Manager
Bank Guarantee Officer
Risk Management Officer
Legal Counsel
Corporate Banking Manager
Financial Controller
Credit Risk Manager
Compliance Officer
Project Finance Manager
International Banking Manager
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