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1. Parties: Details of the parties involved: the bank (guarantor/issuing bank), the applicant, and the beneficiary
2. Background: Context of the guarantee/credit, including the underlying transaction or relationship
3. Definitions: Key terms used throughout the document, including banking and trade finance terminology
4. Amount and Currency: Specific amount of the guarantee/credit and the applicable currency
5. Effective Date and Duration: Commencement date and validity period of the guarantee/credit
6. Scope of Guarantee/Credit: Detailed description of what the guarantee/credit covers and its purpose
7. Conditions for Payment: Terms and conditions under which payment will be made, including required documentation
8. Method of Presentation: Process and requirements for presenting documents or claims
9. Payment Terms: Specifics of how and when payments will be made upon valid presentation
10. Bank's Obligations: Detailed outline of the bank's responsibilities and commitments
11. Governing Law and Jurisdiction: Specification of South African law as governing law and jurisdiction details
12. Notices: Communication procedures and contact details for all parties
1. Transfer and Assignment: Include when the guarantee/credit needs to be transferable to other parties
2. Counter-Guarantee Provisions: Required when there is a counter-guarantee from another bank involved
3. Partial Drawings: Include when multiple partial drawings are permitted under the instrument
4. Force Majeure: Additional provisions for unforeseen circumstances, particularly relevant for international transactions
5. Anti-Money Laundering Compliance: Specific provisions related to AML requirements, necessary for high-risk transactions
6. Electronic Presentation: Include when electronic presentation of documents is permitted
7. Standby Provisions: Additional terms for when the instrument serves as a standby facility
8. Amendment Procedures: Include when specific amendment procedures need to be detailed
1. Schedule A - Form of Demand: Standard format for making a demand under the guarantee/credit
2. Schedule B - Required Documents: Detailed list of documents required for presentation
3. Schedule C - Fee Schedule: Breakdown of all applicable fees and charges
4. Schedule D - Specimen Signatures: Authorized signatures for all relevant parties
5. Appendix 1 - Underlying Contract Reference: Details of the underlying commercial contract or relationship
6. Appendix 2 - Special Instructions: Any special instructions for document handling or presentation
7. Appendix 3 - Compliance Documents: Required regulatory and compliance documentation
8. Appendix 4 - Communication Procedures: Detailed procedures for formal communications between parties
Banking and Financial Services
International Trade
Manufacturing
Construction
Import/Export
Retail
Energy and Resources
Infrastructure
Real Estate
Telecommunications
Mining
Agriculture
Legal
Trade Finance
Risk Management
Compliance
Corporate Banking
International Banking
Treasury
Credit Administration
Banking Operations
Documentary Credits
Commercial Banking
Trade Finance Manager
Credit Risk Officer
Documentary Credits Specialist
International Banking Manager
Compliance Officer
Legal Counsel
Treasury Manager
Commercial Banking Manager
Risk Management Officer
Corporate Banking Executive
Import/Export Manager
Financial Controller
Banking Operations Manager
Documentary Collections Officer
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