The Standby Letter of Credit and Bank Guarantee is a crucial financial instrument used in international trade and commercial transactions under Swiss law. This document is typically employed when parties seek a robust payment security mechanism backed by a reputable Swiss bank. It combines the characteristics of both a standby letter of credit and a bank guarantee, offering flexibility and security in international transactions. The instrument is particularly valuable in cross-border transactions where parties require a reliable payment assurance mechanism. Swiss law provides a stable and well-recognized legal framework for such instruments, making them particularly attractive for international business. The document incorporates relevant international banking practices and standards while complying with Swiss regulatory requirements, making it a preferred choice for complex international commercial transactions requiring strong financial security.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of the issuing bank, applicant/principal, and beneficiary with full legal names and addresses
2. Form and Date: Specification of the instrument type (Standby Letter of Credit or Bank Guarantee) and issuance date
3. Reference Number: Unique identification number of the instrument
4. Underlying Transaction: Reference to the underlying commercial transaction or obligation being secured
5. Maximum Amount: The maximum amount and currency of the guarantee/credit
6. Effective Date and Expiry: Clear statement of when the instrument becomes effective and its expiry date/conditions
7. Drawing/Demand Conditions: Specific conditions and documentation required for making a demand under the instrument
8. Payment Terms: Timeline and method of payment upon receipt of complying demand
9. Reduction Provisions: Conditions under which the amount may be reduced
10. Transfer and Assignment: Whether and how the instrument may be transferred or assigned
11. Governing Law and Jurisdiction: Specification of Swiss law as governing law and jurisdiction for disputes
12. Applicable Rules: Reference to applicable international rules (UCP 600, ISP98, or URDG 758)
1. Counter-Guarantee Provisions: Required when there is a counter-guarantee structure involving multiple banks
2. Multiple Currency Provisions: Needed when the instrument allows for payment in multiple currencies
3. Automatic Extension Clause: Used when the instrument includes an automatic extension feature
4. Electronic Presentation: Required when allowing for electronic presentation of documents
5. Force Majeure: Additional provisions dealing with force majeure events
6. Partial Drawings: Required when partial drawings are permitted
7. Language Provisions: Needed when the instrument is issued in multiple languages
8. Anti-Money Laundering Provisions: Additional compliance requirements for high-risk transactions
1. Form of Demand: Template for making a complying demand under the instrument
2. Required Documents: Detailed list and format of documents required for presentation
3. Authorized Signatories: List of persons authorized to sign demands with specimen signatures
4. Fee Schedule: Schedule of applicable fees and charges
5. Amendment Form: Standard form for amendments to the instrument
6. Communication Procedures: Detailed procedures for communications between parties
7. Underlying Contract Extract: Relevant excerpts from the underlying commercial contract
Find the exact document you need
Advance Payment Guarantee
A Swiss law-governed bank guarantee securing advance payments made by a buyer to a supplier, ensuring refund if contractual obligations are not met.
Download
Business Loan Guarantee
A Swiss law-governed guarantee agreement securing a business loan, establishing guarantor obligations and enforcement terms under the Swiss Code of Obligations.
Download
Performance Bond Guarantee
A Swiss law-governed financial guarantee instrument where a guarantor ensures a principal's performance obligations to a beneficiary, subject to Swiss Code of Obligations requirements.
Download
Letter Of Guarantee For Loan
A Swiss law-governed formal undertaking by a guarantor to secure a debtor's loan obligations, requiring specific legal formalities and potentially spousal consent.
Download
Commercial Standby Letter Of Credit
A Swiss law-governed bank undertaking to pay a beneficiary upon documented default, combining Swiss banking regulations with international standard practices.
Download
Business Bank Guarantee
A Swiss law-governed bank guarantee document where a bank commits to pay a specified sum to a beneficiary upon default of the principal's obligations.
Download
Letter Of Credit Guarantee
A Swiss law-governed banking instrument providing an irrevocable payment guarantee upon presentation of compliant documents, commonly used in international trade transactions.
Download
Standby Bank Guarantee
A Swiss law-governed bank guarantee document representing a bank's irrevocable commitment to pay a specified sum upon documented default of the principal party.
Download
Guarantee Letter
A Swiss law-governed formal undertaking by a guarantor to pay a specified sum to a beneficiary upon defined conditions, typically used as security in commercial transactions.
Download
Counter Standby Letter Of Credit
A Swiss law-governed banking instrument that provides a counter-guarantee to a primary Standby Letter of Credit, establishing a bank's commitment to reimburse another bank.
Download
Standby Letter Of Credit And Bank Guarantee
A Swiss law-governed financial instrument combining a standby letter of credit and bank guarantee, providing security for commercial transactions through bank-backed payment undertaking.
Download
Bank Guarantee Letter Of Credit
A Swiss law-governed bank undertaking to pay a beneficiary upon presentation of compliant documents, providing security in international trade transactions.
Download
Irrevocable And Unconditional Bank Guarantee
A Swiss law bank guarantee providing unconditional payment obligation upon demand, commonly used in commercial and international trade transactions.
Download
Letter Of Credit And Standby Letter Of Credit
A Swiss law-governed banking instrument providing payment security in international trade, subject to UCP 600/ISP98 rules and FINMA regulations.
Download
Bank Guarantee Bond
A Swiss law-governed financial instrument where a bank guarantees payment to a beneficiary upon specified conditions or default of the principal.
Download
Advance Payment Guarantee Letter
A Swiss law-governed bank guarantee securing advance payments made by a buyer to a seller, providing financial protection if contractual obligations are not met.
Download
Revolving Bank Guarantee
A Swiss law-governed bank guarantee that automatically reinstates after claims, providing continuous financial security up to a specified maximum amount.
Download
Retention Bank Guarantee
A Swiss law-governed bank guarantee that replaces cash retention in construction contracts, providing security to the project owner while maintaining contractor liquidity.
Download
Payment Guarantee Letter To Supplier
A Swiss law-governed financial instrument where a guarantor promises to pay a supplier if the buyer defaults on their payment obligations.
Download
Performance Letter Of Guarantee
A Swiss law-governed bank guarantee securing performance obligations of a contractor/supplier, payable upon first demand subject to specified conditions.
Download
Back To Back Bank Guarantee
Swiss law-governed agreement establishing a counter-guarantee arrangement between banks to support a primary bank guarantee.
Download
Performance Bank Guarantee
A Swiss law-governed bank guarantee securing the performance obligations of a principal party to a beneficiary, providing financial security for contractual commitments.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)