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Format of a Bank Guarantee

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Bank guarantee format.

If you wish to monetise a bank guarantee it need to have the format of a “Demand Bank Guarantee”.

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A Bank Guarantee can take many different formats, however, when dealing with Bank Guarantees for monetisation, the Demand Bank Guarantee is utilised. The Demand Bank Guarantee is governed by ICC Uniform Rules for Demand Guarantees (URDG 758) and has a very precise and strict format. When sighted by a bank, lending institution, or any other third-party lender, the extensive documentation will leave them in no doubt that the Bank Guarantee has been issued solely for monetisation.

If you have any further questions on this or any other subject related to bank guarantees, then you can search our frequently asked questions where you will hopefully find the answer you are looking for. Alternatively you can ask us a question and we will answer it for you.

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