The Bank Guarantee Transferable is a specialized financial instrument commonly used in UAE commercial transactions where the original beneficiary needs the flexibility to transfer their rights to another party. This document is particularly relevant in scenarios involving contractors, sub-contractors, or complex supply chain arrangements. The guarantee provides security for commercial obligations while offering the additional feature of transferability, making it especially valuable in project finance, construction, and international trade. The document must comply with UAE Federal Law No. 18 of 1993 (Commercial Transactions Law) and UAE Central Bank regulations, particularly regarding the issuance and transfer of bank guarantees. It includes detailed provisions for transfer mechanisms, documentation requirements, and payment procedures, while incorporating necessary safeguards to protect all parties' interests.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Parties: Identification of the Guarantor Bank, Account Party (Applicant), and Beneficiary with full legal names and addresses
2. Background: Context of the guarantee including the underlying transaction or obligation being guaranteed
3. Definitions: Key terms used in the guarantee including 'Transfer', 'Guarantee Amount', 'Expiry Date', etc.
4. Guarantee Amount and Currency: Clear statement of the maximum guaranteed amount and currency
5. Scope of Guarantee: Detailed description of the obligations being guaranteed and conditions for payment
6. Transfer Provisions: Terms and conditions for transferring the guarantee, including notification requirements and transfer procedures
7. Demand Requirements: Format and content requirements for making a valid demand under the guarantee
8. Payment Terms: Timeframe and method for payment upon receipt of a compliant demand
9. Expiry and Claims Period: Validity period of the guarantee and deadline for submitting claims
10. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant jurisdiction for disputes
11. Notices: Communication procedures and contact details for all parties
1. Multiple Beneficiaries: Required when the guarantee allows for multiple beneficiaries or partial transfers
2. Counter-Indemnity: Used when specific counter-indemnity arrangements are needed between the bank and the applicant
3. Special Conditions: For any unique requirements or conditions specific to the transaction
4. Electronic Presentation: Required when electronic presentation of documents is permitted
5. Force Majeure: Detailed force majeure provisions if required beyond standard terms
6. Language Provisions: Required when the guarantee may be issued in multiple languages
1. Schedule 1 - Form of Demand: Template for making a compliant demand under the guarantee
2. Schedule 2 - Form of Transfer Notice: Standard form for notifying the bank of a transfer of the guarantee
3. Schedule 3 - Fee Schedule: Details of applicable fees for transfers and other services
4. Schedule 4 - Required Documents: List of documents required for demands or transfers
5. Appendix A - Specimen Signatures: Authorized signatures for all parties
6. Appendix B - Special Instructions: Any special instructions for handling the guarantee or transfers
Relevant legal definitions
Account Party
Advising Bank
Applicable Law
Banking Day
Beneficiary
Business Day
Confirmation
Counter-Guarantee
Demand
Effective Date
Expiry Date
Guarantee Amount
Guarantee Period
Guarantor
Governing Law
ICC URDG 758
Indemnity
Maximum Guarantee Amount
Non-Banking Day
Notice of Transfer
Original Beneficiary
Payment Obligation
Permitted Transfer
Presentation
Primary Obligation
Relevant Authority
Second Beneficiary
Security Interest
Subsequent Transfer
Transfer Application
Transfer Date
Transfer Fee
Transfer Notice
Transfer Period
Transferee
Transferor
UAE Central Bank
Underlying Contract
Underlying Transaction
Working Day
Advising Bank
Applicable Law
Banking Day
Beneficiary
Business Day
Confirmation
Counter-Guarantee
Demand
Effective Date
Expiry Date
Guarantee Amount
Guarantee Period
Guarantor
Governing Law
ICC URDG 758
Indemnity
Maximum Guarantee Amount
Non-Banking Day
Notice of Transfer
Original Beneficiary
Payment Obligation
Permitted Transfer
Presentation
Primary Obligation
Relevant Authority
Second Beneficiary
Security Interest
Subsequent Transfer
Transfer Application
Transfer Date
Transfer Fee
Transfer Notice
Transfer Period
Transferee
Transferor
UAE Central Bank
Underlying Contract
Underlying Transaction
Working Day
Clauses
Parties
Definitions
Interpretation
Guarantee Issuance
Guarantee Amount
Transfer Rights
Transfer Conditions
Transfer Procedure
Payment Obligations
Demand Requirements
Document Presentation
Assignment
Notices
Banking Days
Force Majeure
Amendments
Governing Law
Jurisdiction
Language
Severability
Entire Agreement
Communications
Fees and Charges
Compliance with Laws
Counter-Indemnity
Expiry and Claims
Dispute Resolution
Electronic Communications
Anti-Money Laundering
Representations and Warranties
Validity Period
Multiple Transfers
Documentation Requirements
Payment Mechanics
Regulatory Compliance
Default Events
Enforcement
Stamp Duty
Confirmation
Definitions
Interpretation
Guarantee Issuance
Guarantee Amount
Transfer Rights
Transfer Conditions
Transfer Procedure
Payment Obligations
Demand Requirements
Document Presentation
Assignment
Notices
Banking Days
Force Majeure
Amendments
Governing Law
Jurisdiction
Language
Severability
Entire Agreement
Communications
Fees and Charges
Compliance with Laws
Counter-Indemnity
Expiry and Claims
Dispute Resolution
Electronic Communications
Anti-Money Laundering
Representations and Warranties
Validity Period
Multiple Transfers
Documentation Requirements
Payment Mechanics
Regulatory Compliance
Default Events
Enforcement
Stamp Duty
Confirmation
Relevant Industries
Banking and Financial Services
International Trade
Construction and Infrastructure
Manufacturing
Energy and Utilities
Real Estate Development
Shipping and Logistics
Government and Public Sector
Import/Export
Retail and Wholesale
Relevant Teams
Legal
Finance
Treasury
Trade Finance
Risk Management
Compliance
Operations
Commercial
Procurement
Credit
International Banking
Project Finance
Relevant Roles
Chief Financial Officer
Treasury Manager
Trade Finance Manager
Project Finance Director
Commercial Director
Contract Manager
Legal Counsel
Risk Manager
Banking Relationship Manager
Finance Director
Procurement Manager
Company Secretary
Credit Manager
Operations Director
Compliance Officer
Find the exact document you need
Performance Bank Guarantee Charges
UAE-compliant fee structure document for Performance Bank Guarantees, outlining charges and payment terms under UAE banking regulations.
find out more
Deferred Payment Bank Guarantee
A UAE law-governed bank guarantee that provides for scheduled future payments, typically used in international trade to secure deferred payment obligations.
find out more
Foreign Bank Guarantee
A UAE-governed bank guarantee issued by a foreign bank, providing financial security for commercial transactions with specific payment obligations upon demand.
find out more
Labour Bank Guarantee
A mandatory bank guarantee required under UAE law to secure workers' rights and financial entitlements, issued in favor of the Ministry of Human Resources and Emiratisation.
find out more
International Bank Guarantee
UAE-governed bank guarantee template incorporating local banking regulations and international standards for cross-border financial security.
find out more
Bank Guarantee Against Fd
A UAE-law governed banking document establishing terms for a bank guarantee secured against a fixed deposit, commonly used in commercial and government transactions.
find out more
Cheque Guarantee Letter
A UAE-governed formal guarantee instrument ensuring payment of specified cheque(s), providing additional security for beneficiaries under UAE commercial law.
find out more
Bank Guarantee Contract
A UAE-governed bank guarantee document where a bank commits to pay a specified sum to a beneficiary upon demand, subject to UAE Federal Laws and Central Bank regulations.
find out more
Bank Guarantee Against Property
A UAE law-governed agreement establishing a bank guarantee secured by real property, detailing security arrangements and enforcement rights under UAE jurisdiction.
find out more
Bank Financial Guarantee
A UAE-governed bank guarantee document where a bank commits to pay a specified sum to a beneficiary upon default of the principal party, subject to UAE Federal Law and Central Bank regulations.
find out more
Security Bank Guarantee
A UAE law-governed bank guarantee document where a bank commits to pay a specified sum to a beneficiary upon default of the principal party's obligations.
find out more
Letter Of Guarantee For Loan
A UAE law-governed guarantee instrument where a guarantor secures a borrower's loan obligations to a bank, providing additional security for the lending facility.
find out more
Bank Guarantee As Collateral Security
A UAE-law governed bank guarantee document where a bank provides security for a principal debtor's obligations to a beneficiary, subject to UAE banking regulations and commercial law.
find out more
Contract Performance Bank Guarantee
A UAE-governed bank guarantee that secures the performance obligations of a contractor/supplier, providing financial assurance to the project owner through an unconditional bank undertaking.
find out more
Post Bank Guarantee
A UAE-governed bank guarantee document providing financial security through an irrevocable undertaking by a bank to pay a specified sum upon demand.
find out more
Guarantee Cheque Against Advance Payment
UAE-governed agreement establishing terms for an advance payment secured by a guarantee cheque, including payment conditions and cheque presentation terms.
find out more
Bank Guarantee For Supply Of Goods
A UAE-governed bank guarantee securing payment obligations in goods supply transactions, issued by a bank to protect the buyer against supplier default.
find out more
Bank Deposit Government Guarantee
UAE-governed agreement establishing government guarantee for eligible bank deposits, setting out protection mechanisms and claim procedures under UAE federal law.
find out more
Bank Personal Guarantee
A UAE-law governed guarantee agreement where an individual personally guarantees a debtor's obligations to a bank, creating an enforceable security interest under UAE banking regulations.
find out more
Bank Standby Letter Of Credit
A UAE-governed bank guarantee instrument that provides payment security to beneficiaries in case of default by the applicant, subject to UAE banking laws and regulations.
find out more
Open Bank Guarantee
A UAE-law governed bank guarantee providing an independent, irrevocable undertaking to pay a specified sum upon demand, with an open-ended or automatically renewable duration.
find out more
Purchase Bank Guarantee
A UAE-governed bank guarantee securing payment obligations in purchase transactions, issued by a bank to protect sellers against buyer default.
find out more
Bank Guarantee Lost Original
A UAE law-governed declaration for obtaining a replacement for a lost bank guarantee, including necessary indemnities and undertakings.
find out more
Bank Account Government Guarantee
A UAE-governed bank guarantee instrument providing government entities with security over specified bank accounts, regulated under UAE federal banking and civil laws.
find out more
Construction Bank Guarantee
A UAE-governed bank guarantee document that provides financial security for construction project obligations, ensuring protection for project owners under UAE law.
find out more
Bank Guarantee By Government
A UAE-law governed financial instrument where a government entity provides a guarantee through a bank to secure specified obligations to a beneficiary.
find out more
Bank Endorsement Guarantee
A UAE-governed bank guarantee document where a bank guarantees its client's obligations to a third party, regulated by UAE Federal Laws and Central Bank regulations.
find out more
Authorization Letter To Collect Bank Guarantee
A UAE-compliant legal document authorizing a designated person to collect a bank guarantee on behalf of a company or individual.
find out more
Down Payment Bank Guarantee
A UAE-law governed bank guarantee securing advance payments made to contractors, providing financial security to project owners under UAE Federal Laws and Central Bank regulations.
find out more
Indirect Bank Guarantee
A UAE law-governed financial instrument where a foreign bank issues a guarantee through a local UAE bank, establishing terms and conditions for financial security in cross-border transactions.
find out more
Corporate Guarantee For Bank Loan
UAE-governed corporate guarantee agreement securing bank loan obligations, structured under UAE Civil Code and Banking regulations.
find out more
Bid Security Bank Guarantee
A UAE-governed bank guarantee that secures a bidder's obligations in a tender process, protecting the tender issuer against bid withdrawal or non-compliance with tender conditions.
find out more
Surety Bond Bank Guarantee
A UAE-governed bank guarantee document where a bank provides financial security for a principal's obligations to a beneficiary, structured under UAE Federal Laws.
find out more
Bank Guarantee Transferable
A UAE law-governed bank guarantee that allows the beneficiary to transfer their rights to receive payment to third parties, subject to specified conditions and Central Bank regulations.
find out more
Bank Guarantee First Demand
A UAE law-governed bank guarantee providing unconditional payment obligation upon first demand, commonly used as security in commercial transactions.
find out more
Advance Bank Guarantee
A UAE-law governed bank guarantee securing advance payments made by a beneficiary to a principal, ensuring refund if contractual obligations are not met.
find out more
Unsecured Bank Guarantee
A UAE law-governed Unsecured Bank Guarantee document establishing a bank's commitment to pay a specified sum to a beneficiary without requiring collateral from the applicant.
find out more
Standby Bank Guarantee
A UAE law-governed bank undertaking to pay a specified sum to a beneficiary upon the principal's default, subject to UAE Federal Laws and Central Bank regulations.
find out more
Financial Guarantee And Performance Guarantee
A UAE law-governed dual-purpose guarantee document that provides both financial security and performance assurance, typically issued by banks or financial institutions in commercial transactions.
find out more
Domestic Bank Guarantee
A UAE-governed bank guarantee document where a UAE bank provides a financial commitment to a beneficiary on behalf of its client, subject to UAE banking laws and regulations.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)