The Advising Bank In Bank Guarantee document is essential in international banking and trade transactions under South African law. It is used when a bank guarantee issued by one bank needs to be verified and communicated to a beneficiary through a local bank in another jurisdiction. The advising bank's role is to authenticate the guarantee and communicate its terms without taking on any liability for payment. This document type is particularly important in cross-border transactions where the beneficiary needs assurance about the guarantee's authenticity and wants to deal with a local bank they trust. The document must comply with South African banking regulations, including the Banks Act and Financial Sector Regulation Act, while also adhering to international banking practices and standards. It contains crucial information about the guarantee, authentication details, and clear statements about the advising bank's role and limitations.

1. Bank Reference Details: Reference numbers, date, and other identifying information for tracking and correspondence

2. Beneficiary Details: Full name and address of the beneficiary of the guarantee

3. Guarantee Details: Essential details of the original guarantee including guarantee number, issuing bank, and amount

4. Authentication Statement: Formal statement confirming the authenticity verification of the guarantee

5. Terms Summary: Brief summary of key terms of the guarantee including validity period and conditions for calling

6. Advising Bank Role Declaration: Clear statement of the advising bank's role and extent of obligations

7. Disclaimer: Standard disclaimers regarding the bank's limited role as advisor only

8. Contact Information: Relevant contact details for further correspondence