The Back to Back Bank Guarantee is a crucial financial instrument in Malaysian banking practice, typically employed when a local bank needs to support a guarantee issued by another bank, often in cross-border transactions. This arrangement is particularly common in international trade, infrastructure projects, and large commercial contracts where local banking support is required by regulatory or commercial considerations. The document must comply with Malaysian banking regulations, particularly the Financial Services Act 2013 and Bank Negara Malaysia guidelines, while also considering international banking practices such as the URDG 758. The guarantee specifies the relationships between banks, trigger events for payment, validity periods, and claim procedures, serving as a risk management tool that provides security to the beneficiary while establishing clear obligations between the participating banks.
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 all parties: Primary Guarantor Bank, Counter-Guarantor Bank, Applicant, and Beneficiary
2. Background: Context of the guarantee, including reference to the underlying transaction and primary guarantee
3. Definitions: Definitions of key terms used in the guarantee, including banking terms and technical references
4. Guarantee Amount and Currency: Specification of the guaranteed sum and currency of payment
5. Scope of Guarantee: Detailed description of the obligations being guaranteed and conditions for trigger
6. Duration and Validity: Term of the guarantee, including effective date, expiry date, and any auto-extension provisions
7. Demand Requirements: Procedures and requirements for making a valid demand under the guarantee
8. Payment Terms: Terms and conditions for payment, including timeline and method
9. Counter-Indemnity: Terms of counter-indemnity between the banks
10. Reduction and Release: Conditions and procedures for reduction or release of the guarantee
11. Governing Law and Jurisdiction: Specification of Malaysian law as governing law and jurisdiction details
1. Language Requirements: Required when the guarantee needs to be issued in multiple languages
2. Transfer and Assignment: Include when the guarantee needs to be transferable
3. Force Majeure: Optional section for addressing extraordinary circumstances affecting guarantee obligations
4. Electronic Presentation: Include when electronic presentation of documents is permitted
5. Sanctions Clause: Required for international transactions to address compliance with sanctions regulations
6. Step-in Rights: Include when there are specific rights for the guarantor to step into the underlying transaction
1. Form of Demand: Template for making a compliant demand under the guarantee
2. Specimen Signatures: Authorized signatures for all relevant parties
3. Fee Schedule: Details of all applicable fees, charges, and commission
4. Primary Guarantee Details: Copy or key details of the primary guarantee being counter-guaranteed
5. Supporting Documents: List and formats of required supporting documents for demands
6. Communication Protocols: Procedures and contact details for all formal communications under the guarantee
Relevant legal definitions
Applicant
Beneficiary
Business Day
Counter-Guarantee
Counter-Guarantor Bank
Demand
Effective Date
Expiry Date
Guarantee Amount
Guarantee Period
Original Guarantee
Primary Guarantor Bank
Presentation
Supporting Documents
Underlying Contract
Bank Negara Malaysia
Claim Notice
Complying Presentation
Counter-Indemnity
Event of Default
Force Majeure Event
Guaranteed Obligations
Malaysian Ringgit
Payment Date
Reduction Notice
Security Interest
Stamp Duty
SWIFT Message
Termination Date
Working Hours
Beneficiary
Business Day
Counter-Guarantee
Counter-Guarantor Bank
Demand
Effective Date
Expiry Date
Guarantee Amount
Guarantee Period
Original Guarantee
Primary Guarantor Bank
Presentation
Supporting Documents
Underlying Contract
Bank Negara Malaysia
Claim Notice
Complying Presentation
Counter-Indemnity
Event of Default
Force Majeure Event
Guaranteed Obligations
Malaysian Ringgit
Payment Date
Reduction Notice
Security Interest
Stamp Duty
SWIFT Message
Termination Date
Working Hours
Clauses
Interpretation
Guarantee
Counter-Indemnity
Payment Obligations
Demand Requirements
Documentary Conditions
Duration
Extension
Reduction
Release
Assignment
Transfer
Representations and Warranties
Bank's Rights
Default Events
Remedies
Fees and Charges
Taxes
Currency
Communications
Notices
Force Majeure
Confidentiality
Regulatory Compliance
Anti-Money Laundering
Sanctions
Governing Law
Jurisdiction
Dispute Resolution
Severability
Amendments
Entire Agreement
Counterparts
Guarantee
Counter-Indemnity
Payment Obligations
Demand Requirements
Documentary Conditions
Duration
Extension
Reduction
Release
Assignment
Transfer
Representations and Warranties
Bank's Rights
Default Events
Remedies
Fees and Charges
Taxes
Currency
Communications
Notices
Force Majeure
Confidentiality
Regulatory Compliance
Anti-Money Laundering
Sanctions
Governing Law
Jurisdiction
Dispute Resolution
Severability
Amendments
Entire Agreement
Counterparts
Relevant Industries
Banking and Financial Services
Construction and Infrastructure
International Trade
Manufacturing
Energy and Utilities
Telecommunications
Real Estate Development
Mining and Resources
Oil and Gas
Government and Public Sector
Relevant Teams
Legal
Finance
Treasury
Risk Management
Compliance
Banking Operations
Trade Finance
Project Finance
Commercial Operations
Credit Control
Relevant Roles
Chief Financial Officer
Treasury Manager
Trade Finance Manager
Bank Relationship Manager
Legal Counsel
Risk Manager
Project Finance Director
Corporate Finance Manager
Commercial Director
Compliance Officer
Banking Operations Manager
Credit Risk Officer
Find the exact document you need
Foreign Bank Guarantee
A Malaysian law-governed bank guarantee instrument providing financial security in cross-border transactions, issued by a bank to protect beneficiary interests.
find out more
Bank Guarantee Return Letter
A Malaysian legal document used to formally return a bank guarantee to the issuing bank and release it from obligations under Malaysian banking regulations.
find out more
International Bank Guarantee
A Malaysian law-governed bank guarantee providing financial security in international transactions through an irrevocable undertaking from a bank to pay a specified sum upon defined conditions.
find out more
Business Loan Guarantee
A Malaysian law-governed agreement where a guarantor secures a borrower's business loan obligations to a lender.
find out more
Performance Bond Guarantee
A Malaysian law-governed financial guarantee instrument where a bank ensures payment to a beneficiary if a contractor fails to meet contractual obligations.
find out more
Cheque Guarantee Letter
A Malaysian banking instrument where a bank guarantees payment of a specific cheque to the beneficiary under Malaysian law.
find out more
Guarantee Letter Payment
A Malaysian law-governed financial instrument where a guarantor commits to pay a specified sum to a beneficiary upon demand or specified conditions.
find out more
Bank Financial Guarantee
A Malaysian law-governed bank guarantee document where a bank undertakes to pay a specified sum to a beneficiary upon default of the principal debtor.
find out more
Contract Performance Bank Guarantee
A Malaysian law-governed bank guarantee securing a contractor's performance obligations, providing financial security to the project owner through an independent bank undertaking.
find out more
Post Bank Guarantee
A Malaysian law-governed bank guarantee document where a bank guarantees payment or performance to a beneficiary on behalf of its client.
find out more
Fast Bank Guarantee
A Malaysian banking instrument providing quick, unconditional payment guarantee from a bank to a beneficiary upon demand, governed by Malaysian financial regulations.
find out more
Bank Transfer Guarantee
A Malaysian law-governed banking instrument where a bank guarantees payment transfer to a beneficiary upon compliant demand.
find out more
Bank Personal Guarantee
A Malaysian law-governed document where a guarantor provides personal security to a bank for a third party's obligations.
find out more
Contra Bank Guarantee
A Malaysian law-governed financial instrument where a bank issues a guarantee in response to another bank's guarantee, establishing reciprocal obligations between financial institutions.
find out more
Letter Of Credit Guarantee
A Malaysian law-governed bank guarantee securing payment obligations under a letter of credit, regulated by the Financial Services Act 2013 and Bank Negara Malaysia guidelines.
find out more
Original Bank Guarantee
A Malaysian law-governed bank undertaking to pay a specified sum to a beneficiary upon demand, serving as security for the principal's obligations.
find out more
Performance Guarantee In Tender
A Malaysian law-governed financial guarantee issued by a bank to secure a tender participant's obligations to the tender issuer.
find out more
Construction Bank Guarantee
A Malaysian law-governed bank guarantee securing contractor obligations in construction projects, providing financial security to project owners.
find out more
Bank Endorsement Guarantee
A Malaysian law-governed bank guarantee document where a financial institution guarantees the obligations of its client to a third party, subject to Malaysian banking regulations.
find out more
Authorization Letter To Collect Bank Guarantee
A Malaysian law-compliant authorization letter empowering a designated person to collect a bank guarantee from a financial institution.
find out more
Performance Bank Guarantee In Tender
A Malaysian law-governed bank guarantee securing a tender participant's performance obligations, where the bank promises to pay the beneficiary if the principal defaults on tender commitments.
find out more
Indirect Bank Guarantee
A Malaysian law-governed financial instrument where a local bank issues a guarantee based on a foreign bank's counter-guarantee to a local beneficiary.
find out more
Standby Letter Of Credit For Lease
A Malaysian law-governed banking instrument that provides security to landlords against tenant default under lease agreements, issued by banks as an alternative to traditional security deposits.
find out more
Bank To Bank Guarantee
Malaysian law-compliant Bank to Bank Guarantee template establishing guarantee obligations between financial institutions under FSA 2013 and BNM regulations.
find out more
Bank Guarantee Transferable
A Malaysian law-governed bank guarantee that allows the beneficiary to transfer their rights to a new beneficiary, subject to specified terms and conditions.
find out more
Unsecured Bank Guarantee
A Malaysian law-governed financial instrument where a bank provides an unconditional guarantee to pay a beneficiary upon demand, without securing collateral from the applicant.
find out more
Domestic Bank Guarantee
A Malaysian law-governed bank guarantee document where a bank provides an irrevocable undertaking to pay a specified sum to a beneficiary upon demand in domestic transactions.
find out more
Non Financial Guarantee
A Malaysian law-governed agreement where a Guarantor guarantees the non-financial obligations of a Principal to a Beneficiary.
find out more
Digital Bank Guarantee
A digitally-issued bank guarantee under Malaysian law, providing secure electronic payment assurance from a bank to a beneficiary on behalf of an applicant.
find out more
Drawdown Bank Guarantee
A Malaysian law-governed bank guarantee allowing specified drawdowns against a guaranteed amount, providing financial security in commercial transactions.
find out more
Corporate Bank Guarantee
A Malaysian law-governed bank guarantee where a bank guarantees payment or performance on behalf of a corporate client to a beneficiary.
find out more
Bank Guarantee For Commercial Lease
A Malaysian law-governed bank guarantee providing security to a landlord for a tenant's obligations under a commercial lease agreement.
find out more
Guarantee Letter
A Malaysian law-governed document where a guarantor commits to fulfill another party's obligations to a creditor if the primary debtor defaults.
find out more
Counter Standby Letter Of Credit
A Malaysian-law governed banking instrument that serves as a counter-guarantee supporting a primary Standby Letter of Credit issuance.
find out more
Standby Letter Of Credit And Bank Guarantee
A Malaysian law-governed financial security instrument combining Standby Letter of Credit and Bank Guarantee provisions, ensuring payment or performance obligations through bank-backed guarantees.
find out more
Advising Bank In Bank Guarantee
Malaysian law agreement governing an Advising Bank's roles and responsibilities in bank guarantee arrangements, including authentication and communication protocols.
find out more
Trade Finance Bank Guarantee
A Malaysian-law governed bank guarantee instrument providing financial security in trade transactions, issued by a bank to protect beneficiaries against non-performance or default.
find out more
Letter Of Credit And Standby Letter Of Credit
A Malaysian law-governed banking instrument that provides payment assurance in international trade transactions, subject to document compliance and banking regulations.
find out more
Bank Credit Guarantee
A Malaysian law-governed Bank Credit Guarantee agreement establishing security for banking facilities through guarantor undertakings, compliant with local banking regulations.
find out more
Bank Assurance Letter
A Malaysian banking instrument providing financial guarantee or assurance from a bank to a beneficiary regarding a third party's obligations, subject to Malaysian banking 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)