The Bank Endorsement Guarantee is a crucial financial instrument in the UAE business environment, particularly vital for securing commercial contracts and ensuring business confidence. This document is typically required when a party needs to provide security for their contractual obligations, such as in construction projects, tender submissions, or advance payment scenarios. The guarantee must comply with UAE Federal Law No. 18 of 1993 (Commercial Code) and UAE Central Bank regulations, which set out specific requirements for such guarantees. The document includes essential elements such as the guarantee amount, validity period, conditions for claims, and the scope of the bank's obligations. Bank Endorsement Guarantees are widely used in government contracts, private sector developments, and international trade transactions where UAE entities are involved, providing beneficiaries with a secure and legally enforceable financial commitment.
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let tiktok成人版's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the Bank (Guarantor), the Principal (party requesting the guarantee), and the Beneficiary
2. Background: Context of the guarantee, including reference to the underlying transaction or agreement
3. Definitions: Key terms used throughout the guarantee document
4. Guarantee Amount: The maximum amount for which the bank is liable under the guarantee
5. Scope of Guarantee: Detailed description of what is being guaranteed and the nature of the bank's obligations
6. Duration and Validity: The effective date, expiry date, and any conditions affecting the guarantee's validity
7. Demand and Payment Conditions: Process and requirements for making a claim under the guarantee
8. Bank's Rights and Obligations: Outline of the bank's responsibilities and rights under the guarantee
9. Governing Law and Jurisdiction: Specification of UAE law as governing law and relevant jurisdiction for disputes
1. Counter-Indemnity: Required when the Principal provides indemnity to the bank for any payments made under the guarantee
2. Assignment Provisions: Include when the guarantee needs to be transferable or assignable
3. Step-in Rights: Required when the bank has the right to step into the underlying contract in certain circumstances
4. Multiple Beneficiaries: Include when there is more than one beneficiary under the guarantee
5. Reduction Provisions: Include when the guarantee amount can be reduced over time or upon certain events
6. Currency Provisions: Required when payments might be made in multiple currencies or currency conversion is relevant
1. Schedule 1 - Form of Demand: Template for making a valid demand under the guarantee
2. Schedule 2 - Underlying Contract Details: Key details of the contract or obligation being guaranteed
3. Schedule 3 - Fee Schedule: Details of bank fees and charges related to the guarantee
4. Schedule 4 - Communications: Contact details and authorized representatives of all parties
5. Appendix A - Required Documents: List of documents required to be submitted with any demand under the guarantee
Relevant legal definitions
Clauses
Relevant Industries
Banking & Financial Services
Construction & Infrastructure
International Trade
Real Estate Development
Manufacturing
Energy & Utilities
Government & Public Sector
Retail & Commercial
Transportation & Logistics
Relevant Teams
Legal
Finance
Treasury
Commercial
Risk Management
Compliance
Procurement
Project Management
Credit Control
Relevant Roles
Chief Financial Officer
Finance Manager
Treasury Manager
Legal Counsel
Commercial Director
Contract Manager
Risk Manager
Banking Relationship Manager
Credit Manager
Compliance Officer
Project Manager
Procurement Manager
Find the exact document you need
Performance Bank Guarantee Charges
UAE-compliant fee structure document for Performance Bank Guarantees, outlining charges and payment terms under UAE banking regulations.
find out more
Deferred Payment Bank Guarantee
A UAE law-governed bank guarantee that provides for scheduled future payments, typically used in international trade to secure deferred payment obligations.
find out more
Foreign Bank Guarantee
A UAE-governed bank guarantee issued by a foreign bank, providing financial security for commercial transactions with specific payment obligations upon demand.
find out more
Labour Bank Guarantee
A mandatory bank guarantee required under UAE law to secure workers' rights and financial entitlements, issued in favor of the Ministry of Human Resources and Emiratisation.
find out more
International Bank Guarantee
UAE-governed bank guarantee template incorporating local banking regulations and international standards for cross-border financial security.
find out more
Bank Guarantee Against Fd
A UAE-law governed banking document establishing terms for a bank guarantee secured against a fixed deposit, commonly used in commercial and government transactions.
find out more
Cheque Guarantee Letter
A UAE-governed formal guarantee instrument ensuring payment of specified cheque(s), providing additional security for beneficiaries under UAE commercial law.
find out more
Bank Guarantee Contract
A UAE-governed bank guarantee document where a bank commits to pay a specified sum to a beneficiary upon demand, subject to UAE Federal Laws and Central Bank regulations.
find out more
Bank Guarantee Against Property
A UAE law-governed agreement establishing a bank guarantee secured by real property, detailing security arrangements and enforcement rights under UAE jurisdiction.
find out more
Bank Financial Guarantee
A UAE-governed bank guarantee document where a bank commits to pay a specified sum to a beneficiary upon default of the principal party, subject to UAE Federal Law and Central Bank regulations.
find out more
Security Bank Guarantee
A UAE law-governed bank guarantee document where a bank commits to pay a specified sum to a beneficiary upon default of the principal party's obligations.
find out more
Letter Of Guarantee For Loan
A UAE law-governed guarantee instrument where a guarantor secures a borrower's loan obligations to a bank, providing additional security for the lending facility.
find out more
Bank Guarantee As Collateral Security
A UAE-law governed bank guarantee document where a bank provides security for a principal debtor's obligations to a beneficiary, subject to UAE banking regulations and commercial law.
find out more
Contract Performance Bank Guarantee
A UAE-governed bank guarantee that secures the performance obligations of a contractor/supplier, providing financial assurance to the project owner through an unconditional bank undertaking.
find out more
Post Bank Guarantee
A UAE-governed bank guarantee document providing financial security through an irrevocable undertaking by a bank to pay a specified sum upon demand.
find out more
Guarantee Cheque Against Advance Payment
UAE-governed agreement establishing terms for an advance payment secured by a guarantee cheque, including payment conditions and cheque presentation terms.
find out more
Bank Guarantee For Supply Of Goods
A UAE-governed bank guarantee securing payment obligations in goods supply transactions, issued by a bank to protect the buyer against supplier default.
find out more
Bank Deposit Government Guarantee
UAE-governed agreement establishing government guarantee for eligible bank deposits, setting out protection mechanisms and claim procedures under UAE federal law.
find out more
Bank Personal Guarantee
A UAE-law governed guarantee agreement where an individual personally guarantees a debtor's obligations to a bank, creating an enforceable security interest under UAE banking regulations.
find out more
Bank Standby Letter Of Credit
A UAE-governed bank guarantee instrument that provides payment security to beneficiaries in case of default by the applicant, subject to UAE banking laws and regulations.
find out more
Open Bank Guarantee
A UAE-law governed bank guarantee providing an independent, irrevocable undertaking to pay a specified sum upon demand, with an open-ended or automatically renewable duration.
find out more
Purchase Bank Guarantee
A UAE-governed bank guarantee securing payment obligations in purchase transactions, issued by a bank to protect sellers against buyer default.
find out more
Bank Guarantee Lost Original
A UAE law-governed declaration for obtaining a replacement for a lost bank guarantee, including necessary indemnities and undertakings.
find out more
Bank Account Government Guarantee
A UAE-governed bank guarantee instrument providing government entities with security over specified bank accounts, regulated under UAE federal banking and civil laws.
find out more
Construction Bank Guarantee
A UAE-governed bank guarantee document that provides financial security for construction project obligations, ensuring protection for project owners under UAE law.
find out more
Bank Guarantee By Government
A UAE-law governed financial instrument where a government entity provides a guarantee through a bank to secure specified obligations to a beneficiary.
find out more
Bank Endorsement Guarantee
A UAE-governed bank guarantee document where a bank guarantees its client's obligations to a third party, regulated by UAE Federal Laws and Central Bank regulations.
find out more
Authorization Letter To Collect Bank Guarantee
A UAE-compliant legal document authorizing a designated person to collect a bank guarantee on behalf of a company or individual.
find out more
Down Payment Bank Guarantee
A UAE-law governed bank guarantee securing advance payments made to contractors, providing financial security to project owners under UAE Federal Laws and Central Bank regulations.
find out more
Indirect Bank Guarantee
A UAE law-governed financial instrument where a foreign bank issues a guarantee through a local UAE bank, establishing terms and conditions for financial security in cross-border transactions.
find out more
Corporate Guarantee For Bank Loan
UAE-governed corporate guarantee agreement securing bank loan obligations, structured under UAE Civil Code and Banking regulations.
find out more
Bid Security Bank Guarantee
A UAE-governed bank guarantee that secures a bidder's obligations in a tender process, protecting the tender issuer against bid withdrawal or non-compliance with tender conditions.
find out more
Surety Bond Bank Guarantee
A UAE-governed bank guarantee document where a bank provides financial security for a principal's obligations to a beneficiary, structured under UAE Federal Laws.
find out more
Bank Guarantee Transferable
A UAE law-governed bank guarantee that allows the beneficiary to transfer their rights to receive payment to third parties, subject to specified conditions and Central Bank regulations.
find out more
Bank Guarantee First Demand
A UAE law-governed bank guarantee providing unconditional payment obligation upon first demand, commonly used as security in commercial transactions.
find out more
Advance Bank Guarantee
A UAE-law governed bank guarantee securing advance payments made by a beneficiary to a principal, ensuring refund if contractual obligations are not met.
find out more
Unsecured Bank Guarantee
A UAE law-governed Unsecured Bank Guarantee document establishing a bank's commitment to pay a specified sum to a beneficiary without requiring collateral from the applicant.
find out more
Standby Bank Guarantee
A UAE law-governed bank undertaking to pay a specified sum to a beneficiary upon the principal's default, subject to UAE Federal Laws and Central Bank regulations.
find out more
Financial Guarantee And Performance Guarantee
A UAE law-governed dual-purpose guarantee document that provides both financial security and performance assurance, typically issued by banks or financial institutions in commercial transactions.
find out more
Domestic Bank Guarantee
A UAE-governed bank guarantee document where a UAE bank provides a financial commitment to a beneficiary on behalf of its client, subject to UAE banking laws and regulations.
find out more
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 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)