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The Letter for Cancellation of Bank Guarantee is a crucial document used when a party needs to formally request the termination of a bank guarantee that is no longer required or has served its purpose. This document is particularly relevant in Malta's commercial and banking landscape, where bank guarantees are frequently used in business transactions. The letter must be drafted in accordance with Maltese banking regulations and the Civil Code, typically being required when the underlying obligation has been fulfilled, the guarantee has expired, or when business circumstances necessitate the release of the guarantee. It should contain specific references to the original guarantee, clear cancellation instructions, and may require supporting documentation to prove the completion of underlying obligations. The document's format and content must satisfy both the bank's requirements and Maltese legal standards to effectively release the bank from its obligations under the guarantee.

1. Letter Header: Full contact details of the sender and recipient, including bank's name, branch, address, and date

2. Subject Line: Clear reference to 'Cancellation of Bank Guarantee' with the guarantee number

3. Original Guarantee Details: Reference to the original bank guarantee including number, date of issue, amount, and purpose

4. Beneficiary Information: Details of the beneficiary of the original bank guarantee

5. Cancellation Request: Clear and unambiguous statement requesting the cancellation of the guarantee

6. Reason for Cancellation: Brief explanation of why the guarantee is being cancelled (e.g., completion of underlying obligation)

7. Return of Original Documents: Statement about returning the original guarantee document if physically held

8. Authorization: Statement confirming the authority to request the cancellation

9. Signature Block: Space for authorized signatory details and signature