Contract Performance Bank Guarantee Template for Malaysia

1. Counter Guarantee Reference: Required when the guarantee is issued based on a counter-guarantee from another bank

2. Reduction Clause: Optional clause specifying if and how the guarantee amount can be reduced over time

3. Assignment Restrictions: Clause prohibiting or limiting assignment of the guarantee, if required

4. Force Majeure Provisions: Specific provisions dealing with force majeure events, if required by the underlying contract

5. Language Priority: Required if the guarantee is issued in multiple languages, specifying which version prevails

6. Shariah Compliance: Required for Islamic banking institutions, confirming compliance with Shariah principles

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

2. Copy of Underlying Contract: Usually attached as reference to specify the guaranteed obligations

3. Authorized Signatories: List of persons authorized to make demands under the guarantee

4. Bank's Standard Terms and Conditions: If applicable, the bank's standard terms for guarantees