Financial Bank Guarantee Template for New Zealand

1. Counter-Indemnity: Include when the principal provides a separate indemnity to the bank for any payments made under the guarantee

2. Assignment and Transfer: Include if the guarantee can be transferred or assigned to other parties

3. Multiple Beneficiaries: Include when there are multiple beneficiaries to specify how they can make demands

4. Reduction Provisions: Include when the guarantee amount can be reduced over time or upon certain events

5. Step-In Rights: Include when the bank has rights to step into the underlying transaction

6. Currency Provisions: Include when payments might be made in multiple currencies

7. Force Majeure: Include when specific force majeure events might affect the guarantee obligations

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

2. Underlying Agreement Details: Summary or extract of the key terms from the underlying agreement being guaranteed

3. Payment Schedule: If applicable, schedule of guaranteed amounts or payment obligations

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

5. Supporting Documents: List of required supporting documents for making a demand

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