Bank Transfer Guarantee Template for Malaysia

1. Counter-Indemnity: Section detailing the applicant's obligation to indemnify the bank, included when the guarantee is issued with counter-indemnity

2. Assignment: Provisions regarding transfer or assignment of rights, included if assignment is to be permitted

3. Multiple Beneficiaries: Additional provisions for cases with more than one beneficiary

4. Foreign Currency Provisions: Included when the guarantee involves foreign currency transactions

5. Electronic Presentation: Provisions for electronic submission of demands, included when electronic presentations are permitted

6. Step-in Rights: Included when the bank has rights to step into the underlying transaction

7. Dispute Resolution: Alternative dispute resolution mechanisms, included when arbitration or mediation is preferred over court proceedings

1. Form of Demand: Template for making a valid demand under the guarantee

2. Transfer Instructions: Detailed banking information and transfer procedures

3. Supporting Documents: List and copies of underlying transaction documents

4. Bank's Standard Terms and Conditions: General terms applicable to all bank guarantees issued by the bank

5. Authorized Signatories: List of persons authorized to make demands or give instructions

6. Fee Schedule: Details of bank charges, fees, and commission applicable to the guarantee