The Counter SBLC is utilized when additional security is required for international transactions or complex financial arrangements. It becomes relevant when a beneficiary requires extra assurance beyond the original SBLC, particularly in cross-border transactions where multiple jurisdictions are involved. The document, governed by U.S. law, includes detailed provisions for the counter-guarantee mechanism, payment terms, conditions for demands, and compliance with banking regulations. Counter SBLCs are particularly important in situations where the original SBLC issuer's credit standing needs enhancement or when local regulatory requirements necessitate a counter-guarantee structure.
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 involved including the counter-guarantor, beneficiary, and original SBLC issuer
2. Background: Context of the transaction and reference to the original SBLC
3. Definitions: Key terms used throughout the document
4. Counter-Guarantee Terms: Primary obligations and terms of the counter-guarantee
5. Payment Terms: Conditions and process for payment under the counter-guarantee
6. Expiry and Termination: Terms regarding the duration and termination of the counter-guarantee
1. Assignment Rights: Terms regarding transfer rights, used when assignment might be needed
2. Currency Provisions: Include when dealing with multiple currencies
3. Force Majeure: Include when specific force majeure provisions are required beyond standard terms
1. Original SBLC: Copy of the original Standby Letter of Credit being counter-guaranteed
2. Payment Schedule: If applicable, detailed schedule of fees and payments
3. Form of Demand: Standard form for making demands under the counter-guarantee
4. Corporate Authorizations: Required corporate approvals and authorizations
Relevant legal definitions
Applicant
Beneficiary
Business Day
Counter Guarantee
Counter-Guarantor
Demand
Effective Date
Event of Default
Expiry Date
Fees
Guarantee Amount
Governing Law
ISP98
Letter of Credit
Maximum Liability Amount
Original SBLC
Original SBLC Issuer
Payment Date
Permitted Transfer
Presentation
Relevant Jurisdiction
Security Interest
SBLC Amount
Standby Letter of Credit
Supporting Documents
Term
Transaction Documents
UCC
Underlying Transaction
Beneficiary
Business Day
Counter Guarantee
Counter-Guarantor
Demand
Effective Date
Event of Default
Expiry Date
Fees
Guarantee Amount
Governing Law
ISP98
Letter of Credit
Maximum Liability Amount
Original SBLC
Original SBLC Issuer
Payment Date
Permitted Transfer
Presentation
Relevant Jurisdiction
Security Interest
SBLC Amount
Standby Letter of Credit
Supporting Documents
Term
Transaction Documents
UCC
Underlying Transaction
Clauses
Representations and Warranties
Payment Terms
Counter-Guarantee Obligations
Conditions Precedent
Demand Procedures
Reimbursement Obligations
Default Events
Termination Rights
Assignment and Transfer
Notices
Force Majeure
Indemnification
Amendments
Governing Law
Dispute Resolution
Confidentiality
Fees and Expenses
Set-off Rights
Compliance with Laws
Anti-Money Laundering
Sanctions Compliance
Currency Provisions
Tax Provisions
Severability
Entire Agreement
Counterparts
Third Party Rights
Time of Essence
Waiver
Further Assurance
Payment Terms
Counter-Guarantee Obligations
Conditions Precedent
Demand Procedures
Reimbursement Obligations
Default Events
Termination Rights
Assignment and Transfer
Notices
Force Majeure
Indemnification
Amendments
Governing Law
Dispute Resolution
Confidentiality
Fees and Expenses
Set-off Rights
Compliance with Laws
Anti-Money Laundering
Sanctions Compliance
Currency Provisions
Tax Provisions
Severability
Entire Agreement
Counterparts
Third Party Rights
Time of Essence
Waiver
Further Assurance
Relevant Industries
Banking and Financial Services
International Trade
Construction
Energy
Real Estate Development
Relevant Teams
Treasury
Trade Finance
Legal
Risk Management
Compliance
Relevant Roles
Trade Finance Manager
Banking Operations Director
Corporate Treasury Manager
Risk Management Officer
Documentary Credits Specialist
Find the exact document you need
Bank Guarantee Business
A U.S.-compliant bank guarantee document that provides financial assurance from a bank to a beneficiary in case of default by the principal party.
find out more
Letter Of Credit And Guarantee
A US-governed financial instrument providing bank-guaranteed payment assurance, typically used in trade transactions.
find out more
Bank Guarantee Contract
A U.S.-governed financial instrument where a bank guarantees payment to a beneficiary under specified conditions, subject to federal banking regulations.
find out more
Bank Guarantee Loan
A U.S.-governed agreement establishing terms for a bank-guaranteed loan, including payment obligations and security arrangements.
find out more
Stand By Lc Bank Guarantee
A US-governed bank-issued guarantee providing payment assurance to beneficiaries under specified conditions, regulated by UCC Article 5.
find out more
Guarantee Letter Payment
A U.S.-governed legal document where one party guarantees payment to another party under specified conditions.
find out more
Letter To Bank For Confirmation Of Bank Guarantee
A formal request document used in the U.S. banking system to verify and confirm the authenticity and validity of an existing bank guarantee.
find out more
Bank Guarantee SBLC
A US-governed financial instrument issued by a bank providing payment assurance to beneficiaries under specified conditions.
find out more
Bank Guarantee On Fd
A U.S. banking instrument where a bank guarantees payment to a beneficiary, secured by a fixed deposit account.
find out more
Payment SBLC
A U.S.-governed bank-issued payment guarantee instrument that ensures payment to a beneficiary under specified conditions.
find out more
Issuing Letters Of Credit And Guarantee
A US-governed banking document establishing terms for Letters of Credit and Guarantees, regulated by UCC Article 5 and federal banking laws.
find out more
Counter SBLC
A U.S.-governed financial instrument providing a secondary guarantee backing an original Standby Letter of Credit, structured under UCC Article 5 and banking regulations.
find out more
Counter Guarantee Bond
A U.S.-governed financial instrument where one party provides a guarantee to support a primary guarantee issued by another institution.
find out more
Government Guarantee Banks
A U.S.-governed agreement where a government entity provides guarantees to banking institutions, establishing terms and conditions under federal and state banking laws.
find out more
Cash Deposit Guarantee
A U.S.-governed financial instrument where a bank guarantees payment of a specified sum related to a cash deposit.
find out more
Bank Warranty Letter
A U.S.-regulated bank-issued guarantee document providing financial security to a beneficiary under specified conditions.
find out more
Bank Guarantee For Purchase Of Goods
A U.S.-compliant financial instrument where a bank guarantees payment to a seller for goods purchased by a buyer.
find out more
Guarantee Cancellation Letter To Bank
A formal request to terminate a bank guarantee under U.S. banking regulations.
find out more
Unconditional Irrevocable Bank Guarantee
A US-compliant financial instrument issued by a bank providing absolute payment guarantee to a beneficiary upon demand, governed by UCC Article 5.
find out more
Sovereign Bank Guarantee
A U.S.-governed financial instrument issued by a sovereign bank providing payment assurance to beneficiaries under specified conditions.
find out more
Government Bank Guarantee Amount
A U.S.-governed financial instrument where a bank guarantees payment of a specified amount on behalf of a government entity.
find out more
Government Backed Bank Guarantee
A US-regulated financial instrument where a bank guarantee is supported by government backing, providing enhanced security for major financial commitments.
find out more
Export Working Capital Guarantee
A U.S.-governed guarantee instrument that provides assurance to lenders financing exporters' working capital needs.
find out more
Company Guarantee Letter With Bank Endorsement
A U.S.-compliant financial instrument combining a company's guarantee with bank endorsement, providing enhanced security to beneficiaries.
find out more
Bank Medallion Guarantee
A U.S.-specific financial document that provides authenticated verification for securities transfers, backed by financial institutions under SEC regulations.
find out more
Bank Guarantee Text
A US-regulated financial instrument where a bank commits to pay a specified sum to a beneficiary under defined conditions.
find out more
Bank Guarantee Term Deposit
A U.S.-governed agreement combining a fixed-term deposit with a bank guarantee, providing security for both depositor and beneficiary.
find out more
Bank Guarantee Tenor
A U.S.-governed banking instrument that specifies the duration and terms of a bank's guarantee commitment to pay a beneficiary upon valid demand.
find out more
Bank Guarantee Statement
A U.S.-compliant financial instrument issued by a bank, guaranteeing payment or performance to a beneficiary under specified conditions.
find out more
Bank Guarantee Security
A U.S.-governed financial instrument where a bank guarantees payment or performance to a beneficiary on behalf of a principal.
find out more
Bank Guarantee Property Purchase
A U.S.-compliant bank guarantee document securing payment in property transactions between buyers and sellers.
find out more
Bank Guarantee Maturity
A U.S.-governed document specifying the terms and conditions for the expiration of a bank guarantee, including maturity date and final settlement procedures.
find out more
Bank Guarantee In International Trade
A U.S.-governed financial instrument issued by a bank to guarantee payment or performance in international trade transactions.
find out more
Bank Guarantee Against Property
A U.S. legal instrument where a bank provides a guarantee secured by real estate property as collateral.
find out more
Bank Deposit Guarantee Amount
A U.S.-compliant legal agreement establishing a bank's guarantee of specified deposit amounts beyond standard FDIC coverage.
find out more
Bank Guarantee Investment
A U.S.-governed agreement where a bank guarantees specified investment obligations, providing security to the beneficiary under federal and state banking laws.
find out more
Bank Guarantee Facility
A U.S.-governed agreement establishing terms for a bank to issue multiple guarantees up to an agreed limit.
find out more
Loan Against Bank Guarantee
A U.S.-governed agreement enabling borrowers to obtain loans using bank guarantees as collateral, subject to federal and state banking regulations.
find out more
Guarantee Letter For Bank Loan
A U.S.-compliant legal document where a guarantor commits to repaying a bank loan if the primary borrower defaults.
find out more
Bank Financial Guarantee
A U.S.-governed financial instrument where a bank guarantees payment to a beneficiary if a principal defaults on specified obligations.
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)