Standby Letter Of Credit And Bank Guarantee Template for Germany

1. Automatic Extension Clause: Used when the parties want to include provisions for automatic extension of the expiry date

2. Partial Drawings: Include when multiple partial drawings are to be permitted

3. Transfer Provisions: Required if the instrument should be transferable to another beneficiary

4. Multiple Currency Provisions: Include when payments may be made in multiple currencies

5. Counter-Guarantee Details: Required when there is a counter-guarantee from another bank

6. Electronic Presentation Terms: Include when electronic presentation of documents is permitted

7. Force Majeure Provisions: Extended force majeure provisions beyond standard ICC rules

8. Reduction Schedule: Include when the amount of the undertaking reduces over time according to a schedule

1. Form of Demand: Template for the beneficiary to use when making a demand under the instrument

2. Required Documents: Detailed list and formats of all documents required for presentation

3. Authorized Signatories: List of persons authorized to sign demands with specimen signatures

4. Reduction Schedule: If applicable, detailed schedule showing amount reductions over time

5. Underlying Contract Extract: Relevant excerpts from the underlying contract being guaranteed

6. Fee Schedule: Schedule of fees and charges applicable to the instrument

7. Communication Methods: Approved methods and contact details for communications