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1. Parties: Identifies the Guarantor Bank, the Beneficiary, and the Principal/Applicant
2. Background: Sets out the context of the underlying transaction and the purpose of the guarantee
3. Definitions: Defines key terms used throughout the guarantee, including 'Transfer', 'Guaranteed Sum', 'Expiry Date'
4. Guarantee and Its Scope: Details the specific obligations being guaranteed and the maximum guaranteed amount
5. Independence of Guarantee: Establishes the guarantee as independent from the underlying transaction
6. Transfer Provisions: Specifies the mechanisms and conditions for transferring the guarantee to new beneficiaries
7. Demand Requirements: Sets out the form and content requirements for making a valid demand under the guarantee
8. Payment Terms: Specifies the timeframe and method for payment upon valid demand
9. Expiry and Release: Details when and how the guarantee expires or terminates
10. Governing Law and Jurisdiction: Specifies Canadian law as governing law and sets jurisdiction for disputes
11. Notices: Provides the procedure and addresses for all formal communications
1. Counter-Guarantee Provisions: Required when there is a counter-guarantee from another bank or financial institution
2. Multiple Transfers: Include when multiple successive transfers of the guarantee are to be permitted
3. Partial Transfers: Include when the guarantee amount can be split and transferred partially to different beneficiaries
4. Electronic Presentation: Include when electronic presentation of documents is permitted
5. Force Majeure: Include specific force majeure provisions beyond standard banking practice
6. Language Requirements: Include when documents may be presented in multiple languages or translation requirements exist
7. Anti-Money Laundering Compliance: Include specific AML requirements beyond standard banking practice
1. Schedule A - Form of Transfer Request: Standard form for requesting transfer of the guarantee
2. Schedule B - Form of Demand: Standard form for making a demand under the guarantee
3. Schedule C - Required Transfer Documentation: List of documents required for transfer
4. Schedule D - Specimen Signatures: Authorized signatures for the original beneficiary
5. Appendix 1 - Underlying Contract Details: Summary of the underlying contract or transaction
6. Appendix 2 - Fee Schedule: Schedule of bank fees for transfer and other services
Applicable Law
Banking Day
Beneficiary
Business Day
Complying Presentation
Counter-Guarantee
Demand
Documentary Requirements
Effective Date
Electronic Presentation
Expiry Date
Force Majeure
Guarantee Amount
Guaranteed Obligations
Guarantor Bank
Governing Law
ICC Rules
Instrument
Maximum Guaranteed Sum
Non-Banking Day
Notice of Transfer
Original Beneficiary
Partial Transfer
Payment Obligation
Permitted Transfer
Presentation
Principal
Reduction Amount
Related Rights
Successor Beneficiary
Transfer
Transfer Application
Transfer Date
Transfer Fee
Transferee
Transferee Beneficiary
Transfer Request
Transferred Amount
Underlying Contract
Underlying Transaction
Transfer Rights
Payment Terms
Demand Requirements
Documentary Requirements
Independence
Assignment
Force Majeure
Governing Law
Jurisdiction
Notices
Amendments
Representations and Warranties
Compliance
Anti-Money Laundering
Severability
Entire Agreement
Counterparts
Confidentiality
Bank Fees
Currency
Time Limits
Reduction and Release
Transfer Procedures
Communication Methods
Dispute Resolution
Electronic Presentation
Authentication
Indemnification
Termination
Banking and Financial Services
International Trade
Construction and Infrastructure
Manufacturing
Energy and Resources
Import/Export
Commercial Real Estate
Telecommunications
Maritime and Shipping
Government and Public Sector
Legal
Finance
Treasury
Trade Finance
Risk Management
Compliance
Commercial Banking
International Banking
Credit Administration
Operations
Documentary Credits
Trade Finance Manager
Corporate Banking Officer
Chief Financial Officer
Treasury Manager
Finance Director
Commercial Banking Manager
Trade Operations Manager
Risk Management Officer
Legal Counsel
Contract Manager
Project Finance Manager
International Business Development Manager
Credit Risk Officer
Compliance Officer
Documentary Credits Specialist
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