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1. Parties: Identification of the Counter Guarantor Bank and the Original Guarantor Bank
2. Background: Context of the original guarantee, the underlying transaction, and the need for counter guarantee
3. Definitions: Key terms used in the counter guarantee including 'Original Guarantee', 'Principal Debtor', 'Beneficiary', etc.
4. Counter Guarantee Amount: Specific amount of the counter guarantee and currency
5. Scope of Counter Guarantee: Nature and extent of the counter guarantee obligation
6. Term and Validity: Duration of the counter guarantee, including start date and expiry conditions
7. Payment Terms: Conditions and process for payment under the counter guarantee
8. Demand Requirements: Format and requirements for making a valid demand under the counter guarantee
9. Bank's Rights and Obligations: Specific rights and obligations of both banks under the counter guarantee
10. Governing Law and Jurisdiction: Applicable law and courts having jurisdiction
11. Notices: Communication protocols and contact details for notices
12. Execution: Signature blocks and execution formalities
1. Commission and Charges: Details of fees, charges and commission payable - included when there are specific fee arrangements between the banks
2. Security/Collateral: Details of any security or collateral provided - included when specific assets or securities are pledged
3. Assignment: Provisions regarding assignment of rights - included when assignment needs to be specifically permitted or prohibited
4. Force Majeure: Provisions for unforeseen circumstances - included for high-value or long-term counter guarantees
5. Amendments: Process for making amendments - included when flexibility for future changes is required
6. Language: Specification of controlling language - included when dealing with international banks or multiple languages
7. Anti-Money Laundering Compliance: AML and regulatory compliance provisions - included for international transactions or high-value guarantees
1. Schedule 1 - Form of Demand: Prescribed format for making a demand under the counter guarantee
2. Schedule 2 - Copy of Original Guarantee: Copy of the original guarantee against which the counter guarantee is being issued
3. Schedule 3 - Fee Schedule: Detailed breakdown of fees and charges if applicable
4. Appendix A - Supporting Documents: List of required supporting documents for activation or demand
5. Appendix B - Authorized Signatories: List of authorized signatories and specimen signatures
Counter Guarantee
Original Guarantor Bank
Counter Guarantor Bank
Principal Debtor
Beneficiary
Guarantee Amount
Counter Guarantee Amount
Effective Date
Expiry Date
Business Day
Demand
Event of Default
Underlying Transaction
Security
Authorized Representative
Applicable Law
Force Majeure Event
Notice
RBI
Banking Day
Claim Period
Commission
Enforcement Event
Guarantee Obligation
Material Adverse Change
Original Guarantee Document
Payment Date
Relevant Jurisdiction
Supporting Documents
Payment Terms
Term and Duration
Demand Requirements
Representations and Warranties
Rights and Obligations
Commission and Fees
Security
Default Events
Force Majeure
Indemnification
Assignment
Confidentiality
Notices
Amendment
Governing Law
Jurisdiction
Dispute Resolution
Severability
Entire Agreement
Counterparts
Regulatory Compliance
Anti-Money Laundering
Bank's Rights of Set-off
Waiver
Termination
Banking and Financial Services
Construction and Infrastructure
International Trade
Manufacturing
Energy and Utilities
Government and Public Sector
Telecommunications
Real Estate Development
Mining and Resources
Defense Contracting
Legal
Compliance
Risk Management
Corporate Banking
Trade Finance
Treasury
Credit Administration
Operations
Financial Control
Corporate Advisory
Bank Manager
Credit Risk Officer
Legal Counsel
Compliance Officer
Treasury Manager
Trade Finance Manager
Relationship Manager
Corporate Banking Officer
Financial Controller
Chief Financial Officer
Risk Management Director
Company Secretary
Banking Operations Manager
Documentary Credits Specialist
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