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1. Parties: Identification of the Bank (Guarantor), the Applicant (Principal), and the Beneficiary
2. Background: Context of the underlying transaction or obligation for which the guarantee is being issued
3. Definitions: Definitions of key terms used in the guarantee, including 'Guaranteed Sum', 'Expiry Date', and specific conditions
4. Guarantee: The core guarantee commitment, specifying the maximum amount and currency
5. Conditions: Specific conditions that must be met before the guarantee can be called upon
6. Claim Procedure: Detailed process for making a claim under the guarantee, including required documentation and timeframes
7. Duration and Expiry: Validity period of the guarantee, including start date, expiry date, and any automatic extension provisions
8. Bank's Liability Limits: Clear statement of the extent and limitations of the bank's liability
9. Governing Law and Jurisdiction: Specification of South African law as governing law and jurisdiction for disputes
10. Notices: Communication procedures and contact details for all parties
1. Transfer and Assignment: Include when the guarantee needs to be transferable or assignable to other parties
2. Counter-Indemnity: Include when there's a separate counter-indemnity agreement from the applicant to the bank
3. Multiple Beneficiaries: Include when there are multiple beneficiaries and their rights need to be specified
4. Reduction Clause: Include when the guarantee amount can be reduced over time or upon certain events
5. Foreign Currency Provisions: Include when the guarantee involves foreign currency and exchange rate considerations
6. Force Majeure: Include when specific force majeure events need to be addressed
7. Electronic Presentation: Include when electronic submission of claims or documents is permitted
1. Schedule 1 - Form of Demand: Template for the beneficiary to make a claim under the guarantee
2. Schedule 2 - Required Supporting Documents: List of documents required to support a claim
3. Schedule 3 - Fee Schedule: Details of bank fees, charges, and commission if applicable
4. Appendix A - Underlying Contract Reference: Reference details of the underlying contract or obligation
5. Appendix B - Special Conditions: Any additional or special conditions specific to this guarantee
Bank
Beneficiary
Business Day
Claim
Claim Notice
Conditions
Counter-Indemnity
Demand
Effective Date
Expiry Date
Guarantee Amount
Guaranteed Obligations
Guaranteed Sum
Governing Law
Maximum Liability
Notice
Parties
Payment Date
Permitted Assignment
Principal
Principal Obligation
Related Documents
Security
Supporting Documents
Triggering Event
Underlying Contract
Valid Claim
Working Day
Conditions Precedent
Claim Procedure
Payment Obligations
Duration
Expiry
Assignment and Transfer
Notices
Governing Law
Jurisdiction
Force Majeure
Representations and Warranties
Bank's Rights and Obligations
Beneficiary's Rights and Obligations
Amendment
Reduction
Termination
Demand Requirements
Supporting Documentation
Authentication
Currency and Payment
Set-off
Costs and Expenses
Invalidity
Entire Agreement
Counter-Indemnity
Compliance with Laws
Anti-Money Laundering
Dispute Resolution
Severability
Banking and Financial Services
Construction and Infrastructure
International Trade
Mining and Resources
Real Estate Development
Manufacturing
Government and Public Sector
Energy and Utilities
Telecommunications
Retail and Commercial Development
Legal
Finance
Treasury
Risk Management
Procurement
Commercial
Project Management
Trade Finance
Credit
Compliance
Chief Financial Officer
Finance Director
Treasury Manager
Contract Manager
Project Manager
Legal Counsel
Commercial Director
Risk Manager
Procurement Manager
Business Development Manager
Financial Controller
Company Secretary
Trade Finance Manager
Credit Risk Officer
Relationship Manager
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