Irrevocable Letter Of Guarantee Template for Denmark

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