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1. Parties: Identifies the key parties: the Government (Guarantor), the Bank (Beneficiary), and any other relevant parties
2. Background: Explains the context and purpose of the guarantee, including reference to relevant government schemes or programs
3. Definitions: Defines key terms used throughout the guarantee document
4. Scope of Guarantee: Clearly defines what deposits are covered under the guarantee and the maximum guarantee amount
5. Duration of Guarantee: Specifies the effective period of the guarantee, including commencement and expiry dates
6. Conditions Precedent: Lists conditions that must be satisfied before the guarantee becomes effective
7. Guarantee Obligations: Details the specific obligations of the government under the guarantee
8. Invocation Procedure: Specifies the process and conditions for invoking the guarantee
9. Payment Mechanism: Details the procedure for payment upon guarantee invocation
10. Bank's Obligations: Specifies the bank's responsibilities and compliance requirements
11. Representations and Warranties: Standard declarations by both parties about their capacity and authority
12. Events of Default: Lists circumstances that would constitute default and trigger guarantee obligations
13. Governing Law and Jurisdiction: Specifies Indian law as governing law and defines jurisdiction for disputes
1. Step-In Rights: Optional section for cases where government may need rights to step into the bank's position
2. Counter Indemnity: Used when there's a requirement for counter-indemnity from the bank or third parties
3. Security Provisions: Include when additional security is required to back the guarantee
4. Guarantee Commission: Required if the government charges a fee for providing the guarantee
5. Recovery Rights: Optional provisions for government's rights to recover payments made under the guarantee
6. Force Majeure: Optional clause for extraordinary circumstances affecting guarantee obligations
7. Assignment and Transfer: Include if transfer of guarantee rights needs to be addressed
1. Schedule 1 - Deposit Details: Details of the deposits covered under the guarantee including types, amounts, and terms
2. Schedule 2 - Form of Demand Notice: Template for the formal notice to invoke the guarantee
3. Schedule 3 - Compliance Requirements: Detailed list of regulatory and compliance requirements for the bank
4. Schedule 4 - Reporting Format: Templates for periodic reporting by the bank to the government
5. Schedule 5 - Fee Structure: Details of any guarantee fees or charges if applicable
6. Appendix A - Required Documents: List of documents required for guarantee invocation
7. Appendix B - Contact Details: Contact information for key personnel and departments for both parties
Banking
Financial Services
Government & Public Sector
Public Finance
Treasury
Financial Institution Regulation
Deposit Insurance
Legal
Finance
Treasury
Compliance
Risk Management
Government Relations
Regulatory Affairs
Banking Operations
Public Finance
Corporate Secretariat
Chief Financial Officer
Treasury Manager
Legal Counsel
Compliance Officer
Risk Manager
Government Relations Director
Banking Operations Manager
Financial Controller
Regulatory Affairs Director
Bank Branch Manager
Public Finance Officer
Deputy Secretary (Finance)
Joint Secretary (Banking)
Chief Risk Officer
Company Secretary
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