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Advising Bank In Bank Guarantee
"I need an Advising Bank In Bank Guarantee document for our Malaysian branch to act as advising bank for multiple construction project guarantees issued by international banks, with specific provisions for digital authentication and SWIFT messaging protocols."
1. Parties: Identification of the Advising Bank, the Issuing Bank, and reference to the Applicant and Beneficiary
2. Background: Context of the bank guarantee arrangement and the role of the Advising Bank
3. Definitions: Key terms used throughout the document including banking terms, guarantee-specific terminology, and regulatory references
4. Scope of Advisory Services: Detailed description of the advisory services to be provided by the Advising Bank
5. Authentication and Verification: Procedures for authenticating and verifying the bank guarantee
6. Communications Protocol: Procedures for communications between parties, including format and authorized channels
7. Fees and Charges: Details of all fees, charges, and commission payable to the Advising Bank
8. Liability and Indemnification: Extent and limitations of the Advising Bank's liability and indemnification provisions
9. Confidentiality: Obligations regarding confidential information and banking secrecy requirements
10. Force Majeure: Circumstances beyond control that may affect the performance of obligations
11. Governing Law and Jurisdiction: Application of Malaysian law and jurisdiction for dispute resolution
12. Termination: Circumstances and procedures for terminating the advisory relationship
1. Anti-Money Laundering Compliance: Additional provisions for enhanced AML compliance, required when dealing with high-risk jurisdictions or complex transactions
2. Digital Authentication: Specific provisions for digital verification and authentication, needed when using electronic guarantee systems
3. Correspondent Banking Arrangements: Required when multiple correspondent banks are involved in the guarantee chain
4. Currency Provisions: Specific provisions for cross-border guarantees involving multiple currencies
5. Special Instructions: Required when there are specific handling requirements or non-standard procedures
6. Amendment Procedures: Detailed procedures for handling amendments to the guarantee, required for complex or long-term guarantees
1. Schedule 1: Fee Schedule: Detailed breakdown of all fees, charges, and commission structures
2. Schedule 2: Authentication Procedures: Detailed procedures and requirements for guarantee authentication
3. Schedule 3: Communication Formats: Standard formats for various types of communications and instructions
4. Schedule 4: Authorized Signatories: List of authorized signatories and their specimen signatures
5. Appendix A: Standard Forms: Templates for standard forms and notices used in the advisory process
6. Appendix B: Compliance Checklist: Checklist of regulatory compliance requirements and verifications
Authors
Banking and Financial Services
International Trade
Construction
Manufacturing
Infrastructure Development
Energy
Telecommunications
Real Estate Development
Mining and Resources
Transportation and Logistics
Legal
Compliance
Trade Finance
Risk Management
International Banking
Operations
Treasury
Credit Administration
Documentary Credits
Corporate Banking
Trade Finance Manager
Bank Guarantee Officer
Compliance Officer
Legal Counsel
Risk Management Officer
International Banking Manager
Documentary Credits Manager
Treasury Manager
Banking Operations Manager
Financial Controller
Credit Risk Officer
Relationship Manager
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