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1. Bank Details and Reference: Full details of the issuing bank, including branch, registration number, and reference number of the instrument
2. Beneficiary Details: Complete identification of the beneficiary, including full legal name, registration number if applicable, and address
3. Applicant Details: Complete identification of the applicant/principal, including full legal name, registration number if applicable, and address
4. Instrument Type and Amount: Clear specification of whether it's a standby letter of credit or bank guarantee, and the maximum amount covered, including currency
5. Purpose and Underlying Transaction: Description of the underlying transaction or obligation that this instrument is securing
6. Effective Date and Expiry: Clear statement of when the instrument becomes effective and its expiry date/conditions
7. Drawing Terms and Conditions: Specific conditions and documentation required for drawing under the instrument
8. Form of Demand: Exact format and content requirements for making a valid demand under the instrument
9. Payment Terms: Specifics of how and when payment will be made upon a valid demand
10. Governing Law and Jurisdiction: Statement of applicable law (South African) and jurisdiction for disputes
11. Rules and Practices: Reference to applicable international rules (such as UCP 600 or ISP98) governing the instrument
1. Transferability Clause: Include when the instrument needs to be transferable to other beneficiaries
2. Partial Drawings Clause: Include when multiple partial drawings are to be permitted
3. Reduction Schedule: Include when the guarantee amount reduces over time according to a specific schedule
4. Counter-Guarantee Provisions: Include when there is a counter-guarantee arrangement with another bank
5. Assignment Provisions: Include when rights under the instrument may be assigned to third parties
6. Language Declaration: Include when the instrument may be used internationally and language preferences need to be specified
7. Force Majeure Clause: Include when specific force majeure provisions are required beyond standard banking practice
8. Electronic Presentation Clause: Include when electronic presentation of documents is permitted
1. Schedule A - Form of Demand: Template for the prescribed format of demand to be used by the beneficiary
2. Schedule B - Required Documents: Detailed list of all documents required to be presented with a demand
3. Schedule C - Reduction Schedule: If applicable, detailed schedule showing how the guarantee amount reduces over time
4. Appendix 1 - Underlying Agreement Reference: Key details or extract from the underlying agreement that this instrument secures
5. Appendix 2 - Specimen Signatures: Authenticated specimen signatures of authorized signatories
6. Appendix 3 - Swift Format: If applicable, prescribed SWIFT format for electronic communications
Banking and Financial Services
International Trade
Construction and Infrastructure
Manufacturing
Mining and Resources
Energy and Utilities
Telecommunications
Real Estate and Property Development
Retail and Consumer Goods
Transportation and Logistics
Government and Public Sector
Legal
Finance
Treasury
Trade Finance
Risk Management
Procurement
Compliance
International Banking
Commercial Operations
Credit Control
Chief Financial Officer
Treasury Manager
Trade Finance Manager
Financial Controller
Risk Manager
Commercial Director
Procurement Manager
Contract Manager
Legal Counsel
Banking Relationship Manager
Credit Manager
International Trade Specialist
Finance Director
Compliance Officer
Project Finance Manager
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