The Advising Bank In Bank Guarantee document is essential for financial institutions operating under German law when acting as an intermediary in bank guarantee transactions. It is typically used when a bank guarantee needs to be authenticated and communicated to a beneficiary through a local bank in the beneficiary's country. The document ensures compliance with German banking regulations, particularly the Kreditwesengesetz (KWG) and relevant provisions of the Bürgerliches Gesetzbuch (BGB), while also considering international banking practices such as the ICC Uniform Rules for Demand Guarantees. The document clearly defines the advising bank's role in verifying the apparent authenticity of the guarantee, transmitting it to the beneficiary, and explicitly limiting the advising bank's liability to these specific functions.
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1. Bank Details and Reference Information: Identification of the advising bank, reference numbers, and date of the communication
2. Recipient Information: Details of the beneficiary and/or their bank to whom the advice is being sent
3. Guarantee Identification: Clear identification of the bank guarantee being advised, including its reference number and issuing bank details
4. Authentication Statement: Confirmation that the guarantee appears to be authentic based on the verification of signatures/test keys
5. Scope of Service: Clear statement of the advising bank's role and the extent of its services
6. Liability Disclaimer: Express disclaimer regarding the advising bank's liability and responsibilities
7. Transmission of Original Guarantee: Details about how the original guarantee is being transmitted or handled
1. Fee Statement: Include when advising fees are to be charged to the recipient
2. Special Instructions: Include when there are specific handling instructions from the issuing bank
3. Authentication Method: Include when detailed explanation of the authentication method used is required
4. Local Law Compliance: Include when specific local law requirements need to be addressed
5. Communication Preferences: Include when specific communication channels or methods need to be established
1. Original Bank Guarantee: Copy or original of the bank guarantee being advised
2. Authentication Evidence: Documentation of SWIFT messages or other authentication methods used
3. Fee Schedule: If applicable, detailed breakdown of advising and other related fees
4. Transmission Protocol: If required, detailed instructions for secure transmission and handling of documents
Relevant legal definitions
Advising Bank
Issuing Bank
Bank Guarantee
Beneficiary
Principal
Authentication
SWIFT
Demand
Guarantee Amount
Expiry Date
Business Day
Banking Day
Force Majeure
Applicable Law
ICC URDG 758
Test Key
Original Guarantee
Advised Guarantee
Transmission
Written Notice
Electronic Communication
Banking Hours
Guarantee Terms
Authorized Representative
Documentary Requirements
Verification Process
Advice Fee
Amendment
Counter-Guarantee
Jurisdiction
Issuing Bank
Bank Guarantee
Beneficiary
Principal
Authentication
SWIFT
Demand
Guarantee Amount
Expiry Date
Business Day
Banking Day
Force Majeure
Applicable Law
ICC URDG 758
Test Key
Original Guarantee
Advised Guarantee
Transmission
Written Notice
Electronic Communication
Banking Hours
Guarantee Terms
Authorized Representative
Documentary Requirements
Verification Process
Advice Fee
Amendment
Counter-Guarantee
Jurisdiction
Clauses
Scope of Services
Authentication
Liability Limitation
Fees and Charges
Communications
Force Majeure
Confidentiality
Data Protection
Compliance with Laws
Anti-Money Laundering
Notices
Governing Law
Jurisdiction
Document Transmission
Authentication Methods
Disclaimer of Responsibility
Amendment Procedures
Payment Terms
Authority and Capacity
Severability
Electronic Communications
Record Keeping
Language
Assignment
Third Party Rights
Entire Agreement
Authentication
Liability Limitation
Fees and Charges
Communications
Force Majeure
Confidentiality
Data Protection
Compliance with Laws
Anti-Money Laundering
Notices
Governing Law
Jurisdiction
Document Transmission
Authentication Methods
Disclaimer of Responsibility
Amendment Procedures
Payment Terms
Authority and Capacity
Severability
Electronic Communications
Record Keeping
Language
Assignment
Third Party Rights
Entire Agreement
Relevant Industries
Banking and Financial Services
International Trade
Construction and Infrastructure
Manufacturing
Energy and Utilities
Import/Export
Telecommunications
Real Estate Development
Engineering and Procurement
Maritime and Shipping
Relevant Teams
Legal
Compliance
Trade Finance
International Banking
Risk Management
Operations
Treasury
Credit Administration
Corporate Banking
Documentary Credits
Relevant Roles
Trade Finance Manager
Banking Operations Officer
Compliance Officer
Legal Counsel
Risk Management Officer
International Banking Manager
Documentary Credits Specialist
Bank Guarantee Officer
Treasury Manager
Financial Controller
Branch Manager
Relationship Manager
Credit Risk Officer
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