The Irrevocable Letter of Guarantee is a fundamental financial instrument used to secure commercial obligations and mitigate transaction risks under Danish law. It is commonly required in situations where one party needs assurance of the other party's financial commitment or performance, such as in large commercial contracts, international trade, or construction projects. The document establishes a bank's unconditional commitment to pay a specified amount to the beneficiary upon compliant presentation of documents or satisfaction of stated conditions. Subject to Danish financial regulations and banking practices, it provides stronger security than a simple contractual promise as it is backed by a bank's creditworthiness and cannot be revoked without the beneficiary's consent.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership of your information
Key Requirements PROMPT example:
Irrevocable Letter Of Guarantee
I need an Irrevocable Letter of Guarantee to be issued by Danske Bank for EUR 2.5 million to secure a construction project in Copenhagen, valid from March 1, 2025, to December 31, 2025, with quarterly reduction clauses.
1. Bank Details and Reference: Full details of the issuing bank, including name, branch, address, and reference number
2. Date: Issue date of the guarantee
3. Beneficiary Details: Complete name and address of the party in whose favor the guarantee is issued
4. Guarantee Amount: The specific amount and currency of the guarantee, written in both numbers and words
5. Purpose of Guarantee: Clear statement of the underlying transaction or obligation being guaranteed
6. Irrevocability Statement: Explicit declaration of the irrevocable nature of the guarantee
7. Validity Period: Clear specification of the effective date and expiry date of the guarantee
8. Terms of Payment: Conditions under which the guarantee can be called upon and payment procedures
9. Governing Law and Jurisdiction: Statement specifying Danish law as governing law and jurisdiction
10. Authentication: Bank's authorized signatures and any authentication codes or references
1. Counter-Guarantee Reference: Required when the guarantee is issued under a counter-guarantee from another bank
2. Reduction Clause: Optional clause specifying if and how the guarantee amount may be reduced over time
3. Transfer Provisions: Include when the guarantee needs to be transferable to other beneficiaries
4. Claim Documentation Requirements: Detailed requirements for documentation needed when making a claim, if beyond standard requirements
5. Force Majeure Clause: Include when specific force majeure provisions are required beyond standard banking practice
6. Language Declaration: Required when the guarantee is issued in multiple languages, specifying which version prevails
1. Specimen Claim Form: Standard format for submitting claims under the guarantee
2. Authentication Method Description: Details of SWIFT or other authentication methods used
3. Underlying Contract Reference: Summary or extract of the underlying contract requiring the guarantee
4. Power of Attorney: If applicable, documentation proving the authority of signatories
Authors
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
International Trade
Construction and Infrastructure
Manufacturing
Energy and Utilities
Shipping and Maritime
Real Estate Development
Telecommunications
Government and Public Sector
Defense Contracting
Industrial Projects
Retail and Commercial Development
Relevant Teams
Legal
Finance
Treasury
Procurement
Risk Management
International Trade
Commercial Operations
Compliance
Credit Control
Corporate Banking
Project Management
Relevant Roles
Chief Financial Officer
Treasury Manager
Finance Director
Trade Finance Manager
Risk Manager
Commercial Director
Procurement Manager
Contract Manager
Legal Counsel
Banking Relationship Manager
Project Finance Manager
Credit Manager
International Business Manager
Corporate Banking Officer
Compliance Officer
Find the exact document you need
Lc Guarantee
A Danish law-governed bank guarantee document providing financial security in international trade transactions, incorporating local and EU banking regulations.
find out more
Revocable Lc
A Danish law-governed banking instrument that provides a revocable payment guarantee in international trade, subject to specified conditions and documentation requirements.
find out more
Letter Of Credit Project (Finance)
A Danish law-governed document establishing terms for a project finance letter of credit facility, incorporating local regulations and international banking standards.
find out more
Irrevocable Unconfirmed Letter Of Credit
An Irrevocable Unconfirmed Letter of Credit under Danish law, providing a secure payment mechanism for international trade with a single bank's payment guarantee.
find out more
Lc Agreement
Danish-law governed Letter of Credit Agreement establishing terms for documentary credits, incorporating UCP 600 rules and Danish financial regulations.
find out more
Standby Guarantee
A Danish law-governed bank guarantee instrument providing financial security through an independent payment undertaking upon documented default of specified obligations.
find out more
Letter Of Credit Fee
A Danish law-governed agreement establishing fees and payment terms for Letter of Credit services between a bank and its business clients.
find out more
Cash Collateralized Letter Of Credit
Danish law-governed agreement for a Cash Collateralized Letter of Credit, establishing terms for cash security, drawing conditions, and parties' rights and obligations.
find out more
Advance Payment Lc
A Danish law-governed financial instrument that secures advance payments in international trade by providing bank-guaranteed protection for buyer's prepayments to sellers.
find out more
Negotiable Lc
A Danish law-governed Negotiable Letter of Credit providing secure, transferable payment guarantee in international trade, following UCP 600 rules and Danish banking regulations.
find out more
Letter Of Credit Available With
A Danish law-governed Letter of Credit document that enables payment through nominated banks, combining local regulations with UCP 600 standards for international trade financing.
find out more
Recourse Letter Of Credit
A Danish law-governed banking instrument providing payment security in international trade with full recourse rights against the applicant.
find out more
Letter Of Credit 60 Days
A Danish law-governed Letter of Credit providing 60-day deferred payment terms for international trade transactions, incorporating both Danish and EU regulatory requirements.
find out more
Letter Of Credit 30 Days
A Danish law-governed banking instrument that guarantees payment to a seller within 30 days upon presentation of compliant trade documents.
find out more
Green Letter Of Credit
A Danish law-governed Letter of Credit that includes specific environmental and sustainability requirements, combining traditional trade finance security with green compliance standards.
find out more
Digital Letter Of Credit
A Danish law-governed digital financial instrument that provides secure payment assurance in international trade through electronic documentation and verification systems.
find out more
Trade Finance Letter Of Credit
A Danish law-governed bank guarantee ensuring secure payment in international trade transactions, subject to specified document requirements and compliance with UCP 600.
find out more
Unconditional Letter Of Credit
A Danish law-governed bank guarantee providing unconditional payment commitment to a beneficiary, typically used in international trade transactions.
find out more
Syndicated Letter Of Credit
Danish law-governed agreement establishing a multi-bank letter of credit facility with shared risk and funding obligations among syndicate members.
find out more
Structured Letter Of Credit
A Danish law-governed banking instrument providing secured payment commitment in international trade, combining local financial regulations with UCP 600 standards.
find out more
Revolving Letter Of Credit
Danish law-governed Revolving Letter of Credit establishing terms for recurring trade finance between parties, with automatic renewal features.
find out more
Operative Letter Of Credit
A Danish law-governed banking instrument that provides payment security in international trade through an irrevocable undertaking by a bank to pay against compliant documents.
find out more
Letter Of Credit Loc
A Danish-law governed Letter of Credit providing payment security in international trade, combining local regulations with UCP 600 standards.
find out more
Letter Of Credit Amendment
A Danish law-governed document modifying terms of an existing Letter of Credit, compliant with both Danish financial regulations and international banking practices.
find out more
Issuing Bank Letter Of Credit
A Danish law-governed bank document guaranteeing payment in international trade transactions, subject to specified conditions and document presentation.
find out more
Fronting Fee Letter Of Credit
A Danish law-governed document establishing fronting fee arrangements and payment terms for letter of credit services provided by a fronting bank.
find out more
Fixed Letter Of Credit
A Danish law-governed banking instrument that provides a fixed, irrevocable payment guarantee in international trade transactions, subject to document compliance.
find out more
Direct Letter Of Credit
A Danish law-governed financial instrument issued by a bank guaranteeing payment in international trade transactions, subject to document compliance.
find out more
Commercial Letter Of Credit
A Danish law-governed bank guarantee ensuring secure payment in international trade, issued by a bank to a seller on behalf of a buyer, subject to specified documentary conditions.
find out more
Bond Letter Of Credit
A Danish law-governed financial instrument combining bond security with documentary credit features, providing payment guarantee for bond-related obligations.
find out more
Advised Letter Of Credit
A Danish law-governed banking instrument where an advising bank verifies and communicates a letter of credit's authenticity to the beneficiary, facilitating secure international trade transactions.
find out more
Credit Rejection Letter
A legally compliant Danish financial institution letter informing applicants of credit application rejection, including decision rationale and next steps.
find out more
Usance Lc
A Danish law-governed Usance Letter of Credit providing deferred payment terms for international trade transactions, combining local legal requirements with international banking standards.
find out more
Transferable Lc
A Danish law-governed transferable letter of credit that enables the transfer of rights to second beneficiaries while ensuring secure payment in international trade transactions.
find out more
Letter Of Credit Facility Agreement
A Danish law-governed agreement establishing terms for a bank to issue letters of credit on behalf of a corporate borrower, subject to Danish banking regulations and UCP 600.
find out more
Deferred Lc
Danish law-governed Deferred Letter of Credit agreement establishing terms for future payment commitment in international trade transactions.
find out more
Bank Guarantee Letter Of Credit
A Danish law-governed bank document that guarantees payment in international trade transactions upon presentation of specified documents.
find out more
Documentary Letter Of Credit
A bank-issued payment guarantee document governed by Danish law, providing security in international trade transactions through documentary requirements.
find out more
Confirmed Lc
A Danish law-governed banking instrument providing dual-bank payment guarantee in international trade, combining local regulations with international banking practices.
find out more
Confirmed Irrevocable Letter Of Credit
A Danish law-governed financial instrument providing dual-bank payment guarantee in international trade, offering irrevocable commitment and enhanced security through bank confirmation.
find out more
Acceptance Lc
A Danish law-governed banking instrument that guarantees future payment to a seller through bank acceptance of time drafts under UCP 600 rules.
find out more
Import Letter Of Credit
A Danish law-governed bank undertaking to pay a seller against compliant presentation of specified trade documents, operating under UCP 600 rules.
find out more
Letter Of Credit Agreement
Danish law-governed agreement establishing terms for issuing letters of credit, combining local regulations with international banking practices.
find out more
Irrevocable Transferable Lc
A Danish law-governed banking instrument that provides an irrevocable payment commitment in international trade, with the ability to transfer rights to secondary beneficiaries.
find out more
Export Letter Of Credit
A Danish law-governed financial instrument that provides payment security in international trade through bank-guaranteed payment against compliant document presentation.
find out more
At Sight Lc
A Danish law-governed Letter of Credit providing immediate payment upon presentation of compliant documents, following UCP 600 rules and Danish banking regulations.
find out more
Payment Guarantee Letter To Supplier
A Danish law-governed financial instrument where a guarantor commits to ensure payment to a supplier if the buyer defaults on their payment obligations.
find out more
Lc Letter Of Credit
A Danish law-governed bank-issued payment guarantee instrument for international trade transactions, combining local regulations with UCP 600 rules.
find out more
Credit Facility Letter
A Danish law-governed document issued by a financial institution detailing the terms and conditions of an approved credit facility, serving as a formal offer and binding agreement once accepted.
find out more
Performance Letter Of Guarantee
A Danish law-governed bank guarantee ensuring a party's performance obligations, providing financial security to the beneficiary if the principal fails to meet contractual commitments.
find out more
Standby Letter Of Credit
A Danish law-governed bank guarantee instrument providing payment security upon specified default events, following Danish banking regulations and international standards.
find out more
Evergreen Letter Of Credit
A Danish law-governed automatically renewing Letter of Credit that provides continuous payment security in international trade transactions.
find out more
Irrevocable Standby Letter Of Credit
A Danish law-governed banking instrument providing an irrevocable payment guarantee, combining local financial regulations with international banking practices.
find out more
Irrevocable Letter Of Guarantee
A Danish law-governed bank guarantee providing irrevocable assurance of payment to a beneficiary upon specified conditions.
find out more
Bank Guarantee Letter
A Danish law-governed financial instrument where a bank guarantees payment to a beneficiary on behalf of its client, subject to specified terms and conditions.
find out more
Download our whitepaper on the future of AI in Legal
By providing your email address you are consenting to our Privacy Notice.
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
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a £1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.