Introduction

A bank guarantee, also known as a letter of guarantee or a surety bond, is a document issued by a bank to guarantee the fulfillment of a financial obligation between two parties. This article provides an example of a bank guarantee in English.

Parties Involved

The bank guarantee typically involves three main parties:

• Applicant: The party requesting the guarantee, often the buyer or contractor.
• Beneficiary: The party who will receive the payment in case of default, often the seller or supplier.
• Bank: The financial institution issuing the guarantee and assuming the liability.

Terms and Conditions

The bank guarantee includes specific terms and conditions that govern the transaction. These may include:

1. Guarantee Amount: The maximum amount that the bank will be liable for.
2. Validity Period: The duration during which the guarantee is valid.
3. Claim Procedure: The process for the beneficiary to make a claim in case of default.
4. Termination Rights: The circumstances under which the guarantee can be terminated.

Sample Bank Guarantee

Below is an example of a bank guarantee:

[Bank's Letterhead]

[Date]

To: [Beneficiary's Name]
[Beneficiary's Address]

Dear Sir/Madam,

Subject: Bank Guarantee for [Applicant's Name]

We, [Bank Name], hereby issue this irrevocable bank guarantee in favor of [Beneficiary's Name] up to the amount of [Guarantee Amount] (in words: [Guarantee Amount in words]), valid until [Validity Period].

This guarantee is issued following the request of our customer, [Applicant's Name], to secure their financial obligations in relation to [Transaction Details]. In case of any breach or default by the applicant, we undertake to pay the beneficiary the guaranteed amount upon receipt of a written claim stating such breach.

Please note that this guarantee is subject to the terms and conditions mentioned on the reverse side. Any claim made under this guarantee should be submitted within [Claim Period].

This guarantee is effective from the date of its issuance until the expiry date mentioned above.

Yours faithfully,

[Bank Officer's Name]
[Bank Officer's Title]
[Bank Name]

Conclusion

A bank guarantee provides assurance to the beneficiary that their payment will be secured in case of non-performance or default by the applicant. The example given above can serve as a reference for drafting a bank guarantee letter in English. It is important for all parties involved to carefully review and understand the terms and conditions mentioned in the guarantee.

相关新闻： 工程支付担保金额规定多少 贷款担保费进什么科目 保全30万需缴纳多少保险费 工程款支付担保比例是多少啊怎么查 担保费计入哪个科目里 预付款担保什么时候退还 建设工程担保制度二 财产保全担保保险公司费用谁出的 支付担保与履约担保多少比例有关系 支付担保金是什么意思啊 什么情况下会申请财产保全 工程款支付担保和履约保证金的区别 工程款支付担保比例的规定最高 支付担保与履约担保表格模板 财产保全担保保险费怎么算出来的 离婚时申请财产保全是什么意思 支付担保怎么写合同模板 担保费会计分录怎么做 支付担保金额规定一般多少? 财产保全担保保险费率怎么算的
建设工程项目工程款的支付担保是指哪些 工程款支付担保函由谁出具 担保费放在哪个科目 支付担保和付款担保的区别在哪儿 建设工程支付担保比例最新 起诉离婚流程和费用和时间 预付款担保是谁给谁的钱 担保费会计分录怎么写 解除诉讼保全担保函范本 解除保全担保裁定书 支付担保与履约担保金额相同怎么办 预付款担保和履约担保哪个金额大 工程款支付担保和履约保证金的关系 预付款担保和履约担保的区别和联系 诉前保全保险公司担保怎么收费 工程款支付担保比例的规定 工程款支付担保费用 财产保全担保要交多少钱费用 支付担保与履约担保表怎么填 财产保全申请程序