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1. Bank's Letter Head and Reference Number: Official letterhead of the issuing bank with unique reference number and date
2. Addressee Details: Full name and address of the beneficiary of the guarantee
3. Guarantee Amount: The specific amount of guarantee in both figures and words
4. Principal Obligor Details: Identity and details of the party for whom the guarantee is being issued
5. Purpose of Guarantee: Clear statement of the underlying transaction or obligation being guaranteed
6. Duration and Validity: Explicit mention of the guarantee's start date and expiry date
7. Terms of Invocation: Conditions under which the guarantee can be invoked and payment mechanism
8. Governing Law Declaration: Statement confirming Pakistani law as governing law
9. Bank's Undertaking: Formal declaration of the bank's obligation to honor the guarantee
10. Authorized Signatures: Space for bank officials' signatures with their designations
1. Counter Guarantee Reference: Required when the guarantee is issued based on a counter-guarantee from another bank
2. Claim Period Extension: Optional clause for extending the period during which claims can be made after expiry
3. Assignment Restriction: Clause prohibiting assignment of the guarantee without bank's consent
4. Force Majeure Provisions: Added for guarantees in specific sectors or high-value transactions
5. Multiple Beneficiary Structure: Required when guarantee is issued in favor of multiple beneficiaries
6. Reduction Clause: Used when guarantee amount can be reduced in stages based on specific conditions
1. Schedule of Authorized Signatories: List of bank officials authorized to sign the guarantee with specimen signatures
2. Project Details Annexure: Required for project-specific guarantees, detailing the underlying project
3. Payment Schedule: For guarantees with staged payment obligations or reducing balance structure
4. Supporting Documents List: Checklist of documents submitted by the principal obligor
5. Claim Format Template: Prescribed format for beneficiary to submit guarantee claims
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