Document background
Performance Bank Guarantee Charges documents are essential instruments in UAE banking operations, specifically designed to provide transparency and structure to the fees associated with issuing and maintaining performance guarantees. This document becomes necessary when banks need to clearly communicate their charging structure to clients requiring performance guarantees for various business activities. Operating under UAE jurisdiction, particularly UAE Federal Law No. 18 of 1993 and UAE Central Bank regulations, it ensures compliance with local banking practices while providing a comprehensive framework for guarantee-related charges. The document typically serves as a reference point for both bank staff and clients, detailing various scenarios of charge application, calculation methods, and payment terms for Performance Bank Guarantee services.
