The Bank Credit Guarantee serves as a critical financial instrument in Singapore's robust banking sector. It is typically used when a party requires assurance of payment or performance from another party in a commercial transaction. The document, regulated under Singapore's Banking Act and MAS guidelines, outlines the bank's commitment to pay a specified sum upon defined conditions. This type of guarantee is particularly important in international trade, construction projects, and large commercial transactions where parties seek to mitigate financial risk.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identification of the guarantor bank, beneficiary, and principal debtor
2. Background: Context of the underlying transaction and reason for the guarantee
3. Definitions: Key terms used throughout the guarantee document
4. Guarantee and Indemnity: Core obligations of the guarantor bank
5. Amount and Scope: Maximum guaranteed amount and covered obligations
6. Duration and Expiry: Validity period and termination conditions
7. Demand Requirements: Process and conditions for making claims under the guarantee
1. Counter-Indemnity: Used when the principal debtor provides indemnity to the guarantor bank - applicable when requested by the guarantor bank as additional security
2. Transfer and Assignment: Rights to transfer or assign the guarantee - applicable when transferability is required by the beneficiary
3. Governing Law and Jurisdiction: Choice of law and dispute resolution - particularly relevant for international transactions
1. Form of Demand: Template for making claims under the guarantee
2. Underlying Contract Details: Summary of the primary contract being guaranteed
3. Fee Schedule: Details of bank charges and fees related to the guarantee
4. Supporting Documents: List of required documents for guarantee activation or claims
Relevant legal definitions
Clauses
Relevant Industries
Relevant Teams
Relevant Roles
Find the exact document you need
Guarantee Letter Payment
A legally binding payment guarantee document under Singapore law that provides financial security in commercial transactions.
find out more
Bank Loan Personal Guarantee
A Singapore law-governed agreement where a guarantor assumes responsibility for a borrower's loan obligations in case of default.
find out more
Open Bank Guarantee
A Singapore-law governed financial instrument where a bank provides an irrevocable undertaking to pay a specified sum to a beneficiary upon demand.
find out more
Commercial Bank Guarantee
A Singapore-law governed bank guarantee providing financial security in commercial transactions, issued by a bank to guarantee payment or performance to a beneficiary.
find out more
Contra Bank Guarantee
A Singapore-law governed counter-guarantee agreement between banks securing a primary bank guarantee issued to a beneficiary.
find out more
Letter Of Credit Guarantee
A bank-issued guarantee document under Singapore law that provides payment security in international trade transactions.
find out more
Government Deposit Guarantee
A Singapore law-governed guarantee instrument providing government protection for deposits in approved financial institutions.
find out more
Banker's Guarantee For Individual
A Singapore-compliant bank guarantee document where a bank guarantees payment on behalf of an individual to a beneficiary.
find out more
Assurance Of Support Bank Guarantee
A Singapore-law governed bank guarantee providing financial assurance from a bank to support obligations of a principal to a beneficiary.
find out more
Construction Bank Guarantee
A Singapore-law governed bank guarantee providing financial security for construction projects, issued by banks to protect project owners against contractor default.
find out more
Composite Bank Guarantee
A Singapore-law governed financial instrument combining guarantees from multiple banks to provide enhanced security for commercial transactions.
find out more
Bank Guarantee Renewal Letter
A formal request to extend an existing bank guarantee's validity period under Singapore banking regulations.
find out more
Bank Endorsement Guarantee
A Singapore-law governed bank guarantee instrument where a bank commits to pay a specified sum to a beneficiary upon compliant demand.
find out more
Direct Bank Guarantee
A Singapore law-governed primary obligation by a bank to pay a specified sum to a beneficiary upon demand, subject to stated terms.
find out more
Corporate Guarantee For Bank Loan
A Singapore law-governed corporate guarantee where a company guarantees repayment of another entity's bank loan obligations.
find out more
Bank Guarantee For Deposit
A Singapore-governed financial instrument where a bank guarantees payment of a specified deposit sum to a beneficiary upon demand.
find out more
Standby Letter Of Credit For Lease
A bank-issued guarantee document under Singapore law that secures a landlord against tenant default in lease obligations.
find out more
Bank Surety Letter
A Singapore-compliant bank guarantee document where a bank provides financial assurance to a beneficiary against a principal's default.
find out more
Bank Payment Guarantee Letter
A Singapore-law governed bank guarantee providing payment security from a bank to a beneficiary under specified conditions.
find out more
Bank Guarantee For Rent
A Singapore bank's unconditional undertaking to pay a landlord a specified sum as rental security in place of a cash deposit.
find out more
Bank Guarantee First Demand
A Singapore-law governed bank guarantee providing immediate payment upon first demand, without proof of default required.
find out more
Unsecured Bank Guarantee
A Singapore-law governed bank guarantee where the bank provides an unconditional undertaking to pay without requiring security from the principal obligor.
find out more
Financial Guarantee And Performance Guarantee
A Singapore law-governed guarantee document securing both financial obligations and performance requirements in commercial transactions.
find out more
Domestic Bank Guarantee
A Singapore-governed bank guarantee where a bank commits to pay a specified sum to a beneficiary upon demand within domestic jurisdiction.
find out more
Bank Guarantee For Tender
A Singapore-compliant financial instrument issued by banks to secure tender commitments, protecting the tender issuer against bid withdrawal risks.
find out more
Bank Guarantee Discharge Letter
A formal document under Singapore law that releases a bank from its obligations under a previously issued bank guarantee.
find out more
Non Financial Guarantee
A Singapore law-governed guarantee securing non-monetary performance obligations between parties.
find out more
Digital Bank Guarantee
A digitally-issued bank guarantee under Singapore law, providing security through electronic means while maintaining legal enforceability.
find out more
Bank Guarantee For Lost Bill Of Lading
A Singapore-law governed bank guarantee protecting shipping companies when delivering cargo without original bills of lading.
find out more
Bank Guarantee For Commercial Lease
A Singapore-law governed bank guarantee securing a commercial tenant's obligations to their landlord.
find out more
Guarantee Letter
A formal undertaking under Singapore law where a guarantor commits to fulfilling another party's obligations to a beneficiary.
find out more
Counter Standby Letter Of Credit
A Singapore-law governed counter-guarantee instrument issued by one bank to another, backing an existing Standby Letter of Credit.
find out more
Bank Guarantee Irrevocable
A Singapore-law governed unconditional undertaking by a bank to pay a specified sum upon demand, providing irrevocable financial security.
find out more
Standby Letter Of Credit And Bank Guarantee
A Singapore-law governed financial security instrument providing payment assurance through bank undertaking.
find out more
Bank Guarantee Letter Of Credit
A bank-issued guarantee of payment under Singapore law, providing security in international trade transactions.
find out more
Trade Finance Bank Guarantee
A bank-issued financial guarantee governed by Singapore law, providing payment security in trade transactions.
find out more
Irrevocable And Unconditional Bank Guarantee
A Singapore-law governed bank guarantee providing unconditional payment commitment upon demand.
find out more
Letter Of Credit And Standby Letter Of Credit
A Singapore-law governed financial instrument issued by banks to guarantee payment upon presentation of specified documents, commonly used in international trade.
find out more
Bank Credit Guarantee
A Singapore-governed bank guarantee document where a bank commits to fulfill specified financial obligations if a debtor defaults.
find out more
Bank Assurance Letter
A legally binding financial guarantee document issued by a Singapore-licensed bank under Singapore banking regulations.
find out more
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)