Cancellation Of Bank Guarantee Letter Template for Pakistan

1. Letter Header: Bank's name, branch details, address, and date

2. Recipient Details: Name and address of the bank branch that issued the guarantee

3. Subject Line: Clear indication that this is a request for cancellation of bank guarantee, including the guarantee reference number

4. Original Guarantee Details: Information about the original bank guarantee including reference number, date of issue, amount, and purpose

5. Reason for Cancellation: Clear statement of the grounds for cancellation (e.g., completion of underlying contract, expiry of guarantee period)

6. Return of Original Guarantee: Statement about returning the original guarantee document or declaration if it's lost

7. Authorization Statement: Explicit request for cancellation and release from obligations

8. Contact Information: Details for follow-up communication

9. Signature Block: Authorized signatory details and signature

1. Original Bank Guarantee Copy: Copy of the original bank guarantee document

2. Completion Certificate: If cancellation is due to contract completion, attach relevant completion certificates

3. Beneficiary's No-Objection: Written consent from the beneficiary agreeing to the cancellation

4. Authority Letter: Document proving the signatory's authority to request cancellation

5. Identification Documents: Copies of relevant ID proofs of the authorized signatory