国际结算笔记4.pdf

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1、Chapter6L/GandStand-byL/C�L/G–definitionAbankguaranteeisawrittenpromiseissuedbyabankattherequestofitscustomer,undertakingtomakepaymenttothebeneficiarywithinthelimitsofastatedsumofmoneyintheeventofdefaultbytheprincipal.Abankguaranteeisusedasaninstrumentforsecuringperformanceorpaymentespecia

2、llyininternationalbusiness.Chapter6L/GandStand-byL/C–classifications�accessoryguarantee&independentL/GAccessoryguaranteeisanaccessorycontractbywhichtheguarantorundertakestoanswerforthedebt,defaultormiscarriageofantherpersonknownastheprincipaldebtor.Theguarantor’sobligationsareaccessorytoan

3、ddependentonthecontractintherespectofwhichtheyaregiven.IndependentL/G,independentofthecontract;irrevocable;written�Conditionalandunconditionalbonds.Chapter6L/GandStand-byL/C�ConditionalandunconditionalbondsUnconditionalbondscanbecalledatthediscretionofthebuyer，demandGuarantees.Conditionalb

4、ondscanbedividedintotwotypes:bondsrequiringdocumentaryevidenceandbondsnotrequiringdocumentaryevidence.–partiesApplicant:thepersonatwhoserequesttheguaranteeisissued;Chapter6L/GandStand-byL/CBeneficiary:thepartyinwhosefavortheguaranteeisissued;Guarantor:thebankthatissuedaletterofguaranteeund

5、ertakingtomakepaymenttothebeneficiaryintheeventofdefaultoftheprincipalagainstthepresentationofawrittendemandandotherspecifieddocuments;Instructingparty:thepartythatinstructstheguarantortoissuealetterofguaranteeonbehalfoftheapplicantbyprovidingcounterguarantee.–proceduresChapter6L/GandStand

6、-byL/C�Theprincipalandthebeneficiarysignabasecontract;�Theprincipal’sbank,theinstructingbank,signsacounterindemnitywiththeprincipal;�Theinstructingbankprovidescounterindemnitytothebeneficiary’sbank,theguarantorofthebond;�Theguarantorissuesabondtothebeneficiary;�Iftheprincipalfailstofulfill

7、hisobligation,theguarantorpaystothebeneficiary;�Theguarantorasksforandobtainsreimbursementfromtheinstructingbank;�Theinstructingbankasksforandobtainsreimbursementfromtheprincipal.Chapter6L/GandStand-byL/C–types�tenderguarantee,orbidbondBidbondisanundertakinggi