Back To Back Bank Guarantee Template for Philippines

1. Anti-Money Laundering Provisions: Additional provisions for compliance with AML regulations, required when dealing with high-risk transactions or jurisdictions

2. Foreign Exchange Provisions: Required when the guarantee involves foreign currency transactions

3. Step-In Rights: Optional provisions allowing the first bank to step into the shoes of the second bank in certain circumstances

4. Assignment and Transfer: Provisions regarding the ability to assign or transfer rights under the guarantee, if permitted

5. Force Majeure: Provisions dealing with unforeseen circumstances, particularly relevant in international transactions

6. Electronic Communications: Provisions for electronic submission of documents and communications, if agreed between parties

1. Schedule 1 - Form of Demand: Standard format for making a demand under the guarantee

2. Schedule 2 - Fee Schedule: Detailed breakdown of all fees, charges, and commission rates

3. Schedule 3 - Authorized Signatories: List of authorized signatories for each bank with specimen signatures

4. Schedule 4 - Documentation Requirements: List of required documents for claims and other procedures

5. Appendix A - Original Guarantee Terms: Copy or terms of the original guarantee issued by the second bank

6. Appendix B - Compliance Requirements: Specific compliance requirements under Philippine banking regulations