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BANK GUARANTEE VERBIAGE (ICC 758)
(Specimen copy – Final verbiage as per issuing bank standard ICC format)
FORMAT (# 758) OF BANK GUARANTEE SENDS BY SWIFT VIA MT
760
ISSUED BY INSTRUMENT OF GUARANTEE ACCESS CODE EXPIRATION DATE ISSUE DATE MATURITY DATE CURRENCY AMOUNT ISSUED BY
WE THE UNDERSIGNED <MAJOR WORLD BANK>, HEREBY OPEN OUR IRREVOCABLE,
UNCONDITIONAL, TRANSFERABLE, ASSIGNABLE AND CONFIRMED LETTER OF GUARANTEE IN FAVOUR OF______________________FOR THE AMOUNT OF €500,000,000 (FIVE HUNDRED MILLION EUROS) DUE, ONE YEAR AND ONE DAY FROM THE DATE OF ISSUE DD/MM/YYYY.
PAYMENT IS AVAILABLE BY BENEFICIARY FIRST WRITTEN DEMAND VIA SWIFT
WIRE SYSTEM DEMAND HEREUNDER MUST BE MARKED, DRAWN UNDER THE LETTER OF GUARANTEE NUMBER _ _ _ DATED DD/MM/YYYY, BUT NOT LATER THAN FIFTEEN (15) DAYS AFTER THE MATURITY DATE.
SUCH PAYMENT SHALL BE MADE WITHOUT SET-OFF AND CLEAR OF ANY
DEDUCTIONS, OR CHARGES, FEES OR WITHHOLDING OF ANY NATURE, NOW OR HEREINAFTER IMPOSED, LEVIED, COLLECTED, WITH-HELD OR ASSESSED BY THE GOVERNMENT OF (NAME OF ISSUING BANK’S COUNTRY) OR ANY POLITICAL SUBDIVISION OR AUTHORITY THEREOF OR THEREIN.
THIS GUARANTEE IS TRANSFERABLE AND ASSIGNABLE WITHOUT PRESENTATION
TO US. THIS LETTER OF GUARANTEE IS SUBJECT TO THE UNIFORM RULES FOR DEMAND GUARANTEES, INTERNATIONAL CHAMBER OF COMMERCE, PARIS FRANCE, 2010 REVISION, PUBLICATION NO 758.
THIS CABLE IS AN OPERATIVE INSTRUMENT. ALL CHARGES ARE FOR THE
APPLICANT.
For and on behalf of:
<MAJOR WORLD BANK>,
AUTHORIZED SIGNATORY: AUTHORIZED SIGNATORY:
BANK OFFICER: BANK OFFICER: CODE: CODE:
The above is suggested verbiage only. Text may vary according to bank regulations.
