A Commercial Bank Guarantee is commonly used in Singapore when businesses need to provide financial security for their commercial obligations. This document, governed by Singapore law and regulated by MAS, represents a bank's unconditional commitment to pay a specified amount upon the beneficiary's compliant demand. It's particularly valuable in international trade, construction projects, and government tenders where parties seek robust payment security. The guarantee includes specific terms about validity, demand conditions, and payment obligations, providing a standardized yet flexible instrument for commercial risk mitigation.
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 bank (guarantor), the applicant, and the beneficiary
2. Background: Context of the guarantee and underlying transaction
3. Definitions: Key terms used in the guarantee
4. Guarantee Amount: Specific sum guaranteed by the bank
5. Duration and Validity Period: Term of the guarantee including expiry conditions
6. Demand Requirements: Conditions and process for making claims
7. Payment Terms: Timeline and method of payment upon valid demand
1. Counter-Indemnity: Applicant's obligation to indemnify the bank - include when required by bank's internal policy
2. Assignment Provisions: Terms regarding transfer of guarantee rights - include when transfer rights are contemplated
3. Reduction Clauses: Provisions for reducing guarantee amount over time - include for long-term guarantees with declining exposure
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: Bank's charges and commission structure
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.
Download
Bank Loan Personal Guarantee
A Singapore law-governed agreement where a guarantor assumes responsibility for a borrower's loan obligations in case of default.
Download
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.
Download
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.
Download
Contra Bank Guarantee
A Singapore-law governed counter-guarantee agreement between banks securing a primary bank guarantee issued to a beneficiary.
Download
Letter Of Credit Guarantee
A bank-issued guarantee document under Singapore law that provides payment security in international trade transactions.
Download
Government Deposit Guarantee
A Singapore law-governed guarantee instrument providing government protection for deposits in approved financial institutions.
Download
Banker's Guarantee For Individual
A Singapore-compliant bank guarantee document where a bank guarantees payment on behalf of an individual to a beneficiary.
Download
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.
Download
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.
Download
Composite Bank Guarantee
A Singapore-law governed financial instrument combining guarantees from multiple banks to provide enhanced security for commercial transactions.
Download
Bank Guarantee Renewal Letter
A formal request to extend an existing bank guarantee's validity period under Singapore banking regulations.
Download
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.
Download
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.
Download
Corporate Guarantee For Bank Loan
A Singapore law-governed corporate guarantee where a company guarantees repayment of another entity's bank loan obligations.
Download
Bank Guarantee For Deposit
A Singapore-governed financial instrument where a bank guarantees payment of a specified deposit sum to a beneficiary upon demand.
Download
Standby Letter Of Credit For Lease
A bank-issued guarantee document under Singapore law that secures a landlord against tenant default in lease obligations.
Download
Bank Surety Letter
A Singapore-compliant bank guarantee document where a bank provides financial assurance to a beneficiary against a principal's default.
Download
Bank Payment Guarantee Letter
A Singapore-law governed bank guarantee providing payment security from a bank to a beneficiary under specified conditions.
Download
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.
Download
Bank Guarantee First Demand
A Singapore-law governed bank guarantee providing immediate payment upon first demand, without proof of default required.
Download
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.
Download
Financial Guarantee And Performance Guarantee
A Singapore law-governed guarantee document securing both financial obligations and performance requirements in commercial transactions.
Download
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.
Download
Bank Guarantee For Tender
A Singapore-compliant financial instrument issued by banks to secure tender commitments, protecting the tender issuer against bid withdrawal risks.
Download
Bank Guarantee Discharge Letter
A formal document under Singapore law that releases a bank from its obligations under a previously issued bank guarantee.
Download
Non Financial Guarantee
A Singapore law-governed guarantee securing non-monetary performance obligations between parties.
Download
Digital Bank Guarantee
A digitally-issued bank guarantee under Singapore law, providing security through electronic means while maintaining legal enforceability.
Download
Bank Guarantee For Lost Bill Of Lading
A Singapore-law governed bank guarantee protecting shipping companies when delivering cargo without original bills of lading.
Download
Bank Guarantee For Commercial Lease
A Singapore-law governed bank guarantee securing a commercial tenant's obligations to their landlord.
Download
Guarantee Letter
A formal undertaking under Singapore law where a guarantor commits to fulfilling another party's obligations to a beneficiary.
Download
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.
Download
Bank Guarantee Irrevocable
A Singapore-law governed unconditional undertaking by a bank to pay a specified sum upon demand, providing irrevocable financial security.
Download
Standby Letter Of Credit And Bank Guarantee
A Singapore-law governed financial security instrument providing payment assurance through bank undertaking.
Download
Bank Guarantee Letter Of Credit
A bank-issued guarantee of payment under Singapore law, providing security in international trade transactions.
Download
Trade Finance Bank Guarantee
A bank-issued financial guarantee governed by Singapore law, providing payment security in trade transactions.
Download
Irrevocable And Unconditional Bank Guarantee
A Singapore-law governed bank guarantee providing unconditional payment commitment upon demand.
Download
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.
Download
Bank Credit Guarantee
A Singapore-governed bank guarantee document where a bank commits to fulfill specified financial obligations if a debtor defaults.
Download
Bank Assurance Letter
A legally binding financial guarantee document issued by a Singapore-licensed bank under Singapore banking regulations.
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)