tiktok成人版

Direct Bank Guarantee Template for Indonesia

Create a bespoke document in minutes, 聽or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Direct Bank Guarantee

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership聽of your information

Key Requirements PROMPT example:

Direct Bank Guarantee

"I need a Direct Bank Guarantee document for a construction project in Jakarta, where Bank Mandiri will guarantee IDR 5 billion to the Ministry of Public Works as beneficiary, with the guarantee period running from March 1, 2025, to December 31, 2025."

Document background
The Direct Bank Guarantee is a crucial financial instrument in Indonesian commercial transactions, commonly used to provide security for business obligations, tender participations, and project performance. This document is essential when a party requires financial backing from a bank to secure their commitments in commercial arrangements. The Direct Bank Guarantee, governed by Indonesian law including the Civil Code (KUHPerdata) and Banking Law No. 7 of 1992 (as amended), establishes the bank's direct obligation to pay the beneficiary upon specified conditions, without reference to the underlying transaction. It includes detailed provisions on claim procedures, validity periods, and compliance with Indonesian banking regulations, making it particularly relevant for large-scale projects, government tenders, and international trade transactions where financial security is paramount.
Suggested Sections

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 obligation being guaranteed

3. Definitions: Key terms used throughout the guarantee document

4. Guarantee Amount: Specific amount being guaranteed and currency

5. Scope of Guarantee: Precise description of the obligations being guaranteed

6. Duration and Validity: Term of the guarantee, including effective date and expiry date

7. Conditions for Claim: Specific circumstances under which the guarantee can be called upon

8. Claim Procedure: Step-by-step process for making a claim under the guarantee

9. Bank's Obligations: Specific commitments and responsibilities of the guarantor bank

10. Governing Law and Jurisdiction: Confirmation of Indonesian law as governing law and jurisdiction for disputes

11. Notices: Communication procedures and contact details for all parties

12. Execution: Signature blocks and execution requirements

Optional Sections

1. Counter Guarantee: Required when there is a counter-guarantee from another bank or financial institution

2. Foreign Exchange Provisions: Required when the guarantee involves foreign currency or cross-border elements

3. Assignment Restrictions: Include when transfer or assignment of guarantee rights needs to be restricted

4. Force Majeure: Include when specific force majeure provisions are required beyond standard law provisions

5. Anti-Money Laundering Compliance: Include for high-value guarantees or when required by bank policy

6. Step-In Rights: Include when the bank requires right to step into the underlying transaction

7. Partial Claims: Include when partial claims under the guarantee are to be permitted

Suggested Schedules

1. Form of Demand: Template for making a claim under the guarantee

2. Supporting Documents: List and copies of all required supporting documentation

3. Fee Schedule: Details of bank fees, charges, and payment terms

4. Underlying Agreement Extract: Relevant excerpts from the underlying agreement being guaranteed

5. Specimen Signatures: Authorized signatures for all parties

6. Contact Details: Comprehensive contact information for all parties and their representatives

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions



































Clauses






























Relevant Industries

Banking and Financial Services

Construction and Infrastructure

International Trade

Manufacturing

Energy and Resources

Real Estate Development

Government and Public Sector

Telecommunications

Retail and Consumer Goods

Transportation and Logistics

Relevant Teams

Legal

Finance

Treasury

Risk Management

Compliance

Commercial

Project Management

Business Development

Trade Finance

Corporate Banking

Credit Risk

Operations

Relevant Roles

Chief Financial Officer

Finance Director

Treasury Manager

Legal Counsel

Risk Management Officer

Compliance Officer

Project Manager

Commercial Director

Contract Manager

Business Development Manager

Account Manager

Credit Risk Officer

Corporate Banking Manager

Trade Finance Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks, 聽Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination, 聽Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Financial Guarantee

An Indonesian law-governed agreement where a Guarantor promises to fulfill another party's financial obligations to a Beneficiary upon default.

find out more

Foreign Bank Guarantee

A financial instrument issued by a foreign bank, governed by Indonesian law, guaranteeing payment to a beneficiary under specified conditions.

find out more

Bank Guarantee Draft

An Indonesian law-governed bank guarantee document establishing a bank's commitment to pay a specified sum to a beneficiary upon the principal's default.

find out more

Bank Guarantee Return Letter

An Indonesian law-governed formal letter requesting the return of a bank guarantee from the issuing bank upon completion of underlying obligations.

find out more

International Bank Guarantee

An Indonesian law-governed bank guarantee document securing international commercial obligations, combining local regulatory requirements with international banking standards.

find out more

Performance Bond Guarantee

An Indonesian law-governed guarantee instrument where a financial institution ensures a contractor's performance by providing payment security to the project owner.

find out more

Bank Warranty Letter

An Indonesian bank-issued guarantee document that provides financial security to a beneficiary, governed by Indonesian banking laws and regulations.

find out more

Bank Guarantee Covering Letter

An Indonesian banking document that formally introduces and accompanies a bank guarantee, confirming its issuance and key terms under Indonesian banking regulations.

find out more

Performance And Financial Bank Guarantee

Template for a combined Performance and Financial Bank Guarantee compliant with Indonesian banking laws and regulations.

find out more

Bank Standby Letter Of Credit

An Indonesian law-governed bank guarantee instrument providing financial security in commercial transactions, issued in accordance with Bank Indonesia regulations and international banking standards.

find out more

Open Bank Guarantee

An Indonesian law-governed bank guarantee document where a bank provides an irrevocable payment undertaking to a beneficiary upon demand, subject to specified terms and conditions.

find out more

Contra Bank Guarantee

An Indonesian law-governed agreement establishing counter-indemnity obligations between a principal and a bank relating to an issued bank guarantee, with associated security and reimbursement provisions.

find out more

Bank Guarantee And Lc

Indonesian law-compliant Bank Guarantee and Letter of Credit template incorporating domestic regulations and international banking standards.

find out more

Purchase Bank Guarantee

An Indonesian law-governed bank guarantee document securing payment obligations in purchase transactions, issued by a bank on behalf of a buyer in favor of a seller.

find out more

Personal Banker's Guarantee

An Indonesian law-governed bank guarantee document where a bank commits to pay a specified sum to a beneficiary upon the principal's default, subject to Indonesian banking regulations.

find out more

Bank Guarantor Letter

An Indonesian-law governed bank guarantee document representing a bank's commitment to pay a specified sum to a beneficiary upon the principal's default of obligations.

find out more

Assurance Of Support Bank Guarantee

An Indonesian law-governed bank guarantee document where a bank commits to support specific obligations of a principal party through financial assurance to a beneficiary.

find out more

Composite Bank Guarantee

An Indonesian law-governed banking instrument that combines multiple guarantee obligations into a single comprehensive guarantee document.

find out more

Bank Guarantee Renewal Letter

A formal request document under Indonesian law to extend the validity period of an existing bank guarantee, maintaining compliance with local banking regulations and practices.

find out more

Indirect Bank Guarantee

Template for an Indirect Bank Guarantee under Indonesian law, establishing a guarantee chain between multiple banks with compliance to Indonesian banking regulations.

find out more

Direct Bank Guarantee

An Indonesian law-governed bank guarantee document where a bank directly guarantees payment to a beneficiary upon specified conditions.

find out more

Bank To Bank Guarantee

An Indonesian law-governed agreement between two banks establishing a guarantee arrangement, subject to Bank Indonesia and OJK regulations.

find out more

Bank Surety Letter

An Indonesian bank-issued guarantee document that provides financial security to a beneficiary in case of default by a principal debtor, governed by Indonesian banking laws.

find out more

Bank Payment Guarantee Letter

An Indonesian law-governed bank guarantee document providing payment security, where a bank commits to pay a specified sum to a beneficiary upon valid demand.

find out more

Domestic Bank Guarantee

An Indonesian law-governed bank guarantee document where a bank provides financial security to a beneficiary on behalf of a principal, subject to Indonesian banking regulations.

find out more

Digital Bank Guarantee

An electronically issued and managed bank guarantee document under Indonesian law, providing digital security and verification for financial commitments between parties.

find out more

Corporate Bank Guarantee

An Indonesian law-governed bank guarantee document where a bank guarantees payment to a beneficiary if a corporate client defaults on specified obligations.

find out more

Guarantee Letter

An Indonesian law-governed document where a guarantor commits to fulfill another party's obligations to a beneficiary under specified conditions.

find out more

Counter Standby Letter Of Credit

An Indonesian law-governed banking instrument providing counter-guarantee to support another bank's Standby Letter of Credit.

find out more

Bank Guarantee Irrevocable

An Indonesian law-governed irrevocable bank guarantee document establishing an unconditional payment commitment from a bank to a beneficiary.

find out more

Standby Letter Of Credit And Bank Guarantee

An Indonesian law-governed financial security instrument combining Standby Letter of Credit and Bank Guarantee features, providing payment assurance upon compliant document presentation.

find out more

Irrevocable And Unconditional Bank Guarantee

Template for an Irrevocable and Unconditional Bank Guarantee under Indonesian law, providing a bank's absolute commitment to pay upon valid demand.

find out more

Letter Of Credit And Standby Letter Of Credit

An Indonesian law-governed banking instrument providing payment security in international trade, following UCP 600 and ISP98 rules with Bank Indonesia regulatory compliance.

find out more

Bank Credit Guarantee

An Indonesian law-governed agreement where a guarantor assumes responsibility for a debtor's obligations to a bank, subject to Indonesian banking regulations and civil code requirements.

find out more

Bank Assurance Letter

An Indonesian bank-issued guarantee document providing financial security to a beneficiary under Indonesian banking regulations and OJK oversight.

find out more

Advance Performance Guarantee

An Indonesian law-governed bank guarantee securing advance payments made to contractors, ensuring proper utilization and repayment of funds.

find out more

Bank Guarantee Cancellation Letter

A formal letter used in Indonesian banking practice to request the cancellation of an existing bank guarantee, complying with Indonesian banking regulations and requirements.

find out more

Bank Guarantee Bond

An Indonesian law-governed bank guarantee document where a bank guarantees its client's obligations to a third party, subject to Indonesian banking regulations.

find out more

Revolving Standby Letter Of Credit

An Indonesian law-governed revolving standby letter of credit document establishing an automatically reinstating credit facility with defined drawing conditions and renewal mechanisms.

find out more

Open Ended Bank Guarantee

An Indonesian law-governed bank guarantee providing unconditional, open-ended security for payment or performance obligations, regulated under Indonesian banking laws.

find out more

Advance Payment Guarantee Bond

An Indonesian law-governed bank guarantee securing advance payments made to contractors/suppliers, ensuring repayment if contractual obligations are not met.

find out more

Bid Bond Bank Guarantee

An Indonesian law-governed bank guarantee securing a bidder's obligations in a tender process, protecting the tender organizer against bid withdrawal or non-performance.

find out more

On Demand Bank Guarantee

An Indonesian law-governed bank guarantee providing immediate payment upon demand, subject to OJK regulations and local banking laws.

find out more

Bank Endorsement Letter

An official banking document issued under Indonesian banking regulations that confirms a client's financial standing or specific banking arrangements.

find out more

Advance Payment Guarantee Letter

An Indonesian law-governed bank guarantee securing advance payments made to contractors/suppliers, protecting the buyer's upfront payment against non-performance.

find out more

Revolving Bank Guarantee

An Indonesian law-governed agreement establishing a revolving bank guarantee facility, enabling continuous issuance of bank guarantees up to an agreed limit.

find out more

Retention Bank Guarantee

An Indonesian law-governed bank guarantee instrument that replaces cash retention in construction contracts, providing security to project owners while improving contractors' cash flow.

find out more

Performance Standby Letter Of Credit

An Indonesian law-governed banking instrument that provides a guarantee of performance for commercial obligations, backed by bank payment undertaking.

find out more

Conditional Bank Guarantee

An Indonesian law-governed bank guarantee that provides conditional payment security upon specified triggers and document presentation, regulated under Indonesian banking laws.

find out more

Bank Guarantee Performance Bond

An Indonesian law-governed bank guarantee securing a contractor's performance obligations, providing financial security to the project owner through an unconditional bank undertaking.

find out more

Performance Letter Of Guarantee

An Indonesian law-governed bank guarantee document that provides financial security for performance obligations in commercial contracts.

find out more

Cash Backed Bank Guarantee

An Indonesian law-governed bank guarantee document that establishes terms for a guarantee backed by cash collateral, ensuring financial security between parties.

find out more

Bank Counter Guarantee

An Indonesian law-governed bank counter guarantee document establishing a bank's undertaking to reimburse another bank's payment under its guarantee to a beneficiary.

find out more

Back To Back Bank Guarantee

An Indonesian law-governed agreement establishing a back-to-back bank guarantee arrangement between two banks, typically involving an international bank counter-guaranteeing a local Indonesian bank.

find out more

Irrevocable Standby Letter Of Credit

An Indonesian law-governed Irrevocable Standby Letter of Credit serving as a bank-issued guarantee of payment or performance, subject to UCP 600/ISP98 rules and local banking regulations.

find out more

Irrevocable Letter Of Guarantee

An Indonesian law-governed banking instrument providing an unconditional and irrevocable payment commitment from a bank to a beneficiary upon demand.

find out more

Bid Bond Tender Guarantee

An Indonesian law-governed financial guarantee issued by a bank/insurer to secure a bidder's obligations in a tender process.

find out more

Bank Guarantee Letter

An Indonesian law-governed bank guarantee document providing financial security from a bank to a beneficiary against a principal's default on contractual obligations.

find out more

Bank Letter Of Comfort

An Indonesian law-governed bank document providing assurance about a client's financial standing and banking relationship, without creating a legal guarantee.

find out more

Performance Bank Guarantee

An Indonesian law-governed bank guarantee securing a contractor's performance obligations, providing financial assurance to project owners through a bank's unconditional payment commitment.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

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

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a 拢1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.