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1. Parties: Identification of the Guarantor Bank, Applicant (Principal), and Beneficiary
2. Background: Context of the guarantee, including reference to the underlying transaction or obligation
3. Definitions: Definitions of key terms used throughout the guarantee
4. Guarantee Amount: Specification of the maximum amount guaranteed and currency
5. Scope of Guarantee: Details of what is being guaranteed and the nature of the bank's obligation
6. Duration and Expiry: Term of the guarantee, including start date and expiry conditions
7. Demand Requirements: Process and requirements for making a demand under the guarantee
8. Payment Terms: Timeline and method for payment upon valid demand
9. Bank's Rights and Obligations: Outline of the guarantor bank's rights, obligations, and limitations
10. Governing Law and Jurisdiction: Specification of applicable law and courts having jurisdiction
11. Notices: Communication requirements and contact details for all parties
12. Assignment Restrictions: Terms regarding the transferability of the guarantee
1. Counter-Indemnity: Terms of indemnification from the applicant to the bank - required when the bank requires specific indemnification
2. Multiple Beneficiaries: Additional provisions for cases involving more than one beneficiary
3. Reduction Provisions: Terms for automatic or scheduled reduction of the guarantee amount - used for guarantees with staged reductions
4. Foreign Law Compliance: Additional provisions for cross-border guarantees - required when international elements are involved
5. Language Declaration: Required for guarantees used in Quebec or involving French language requirements
6. Step-in Rights: Terms allowing the bank to step into the underlying transaction - used in project finance guarantees
7. Tax Provisions: Specific tax-related provisions - required when tax implications need to be addressed
8. Force Majeure: Provisions for extraordinary events - optional but recommended for long-term guarantees
1. Schedule A - Form of Demand: Standard format for making a demand under the guarantee
2. Schedule B - Supporting Documentation Requirements: List and format of documents required to accompany a demand
3. Schedule C - Underlying Transaction Details: Details of the transaction or obligation being guaranteed
4. Schedule D - Authorized Signatories: List of persons authorized to make demands or give notices
5. Schedule E - Fee Schedule: Details of bank fees and charges related to the guarantee
6. Appendix 1 - Conditions Precedent: Conditions that must be satisfied before the guarantee becomes effective
7. Appendix 2 - Form of Reduction Notice: Standard format for notices regarding reduction of guarantee amount
Banking and Financial Services
Construction and Infrastructure
International Trade
Manufacturing
Real Estate Development
Energy and Resources
Telecommunications
Government and Public Sector
Retail and Commercial
Transportation and Logistics
Legal
Finance
Treasury
Risk Management
Procurement
Commercial Operations
Compliance
Credit
Corporate Banking
Business Development
Contract Administration
Chief Financial Officer
Treasury Manager
Finance Director
Contract Manager
Project Manager
Risk Manager
Legal Counsel
Commercial Director
Procurement Manager
Account Manager
Banking Relationship Manager
Credit Risk Officer
Compliance Officer
Business Development Manager
Corporate Finance Manager
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