Performance Bank Guarantee Template for Malaysia

1. Extension Provisions: Used when parties want to include mechanism for extending the validity period

2. Partial and Multiple Demands: Include when allowing the beneficiary to make multiple claims up to the guaranteed sum

3. Assignment Restrictions: Include when specific restrictions on assignment of the guarantee are required

4. Counter-Indemnity: Used when the bank requires specific indemnity provisions from the principal

5. Language Provision: Include when the guarantee might be translated or used in international context

6. Bank's Maximum Liability: Include when need to clarify liability limits including interest and costs

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

2. Specimen Signatures: Authorized signatures of the beneficiary's representatives for making demands

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

4. Supporting Documents List: List of documents required to be submitted with any demand