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The Bank Guarantee Cancellation Letter is a crucial document used in the United Arab Emirates when an organization needs to formally request the termination of a bank guarantee. This document becomes necessary when the underlying obligation secured by the guarantee has been fulfilled, the guarantee has expired, or when both parties agree to terminate the guarantee arrangement. The letter must comply with UAE Federal Law No. 18 of 1993 (Commercial Transactions Law) and UAE Central Bank regulations, requiring specific information such as guarantee details, cancellation justification, and appropriate authorizations. Supporting documents typically accompany the letter, including the original guarantee document, completion certificates, or beneficiary's consent, depending on the specific circumstances and bank requirements.

1. Letter Header: Official letterhead of the requesting company/entity, date, reference number, and bank's complete address

2. Subject Line: Clear indication that this is a request for cancellation of bank guarantee, including the guarantee reference number

3. Salutation: Formal greeting to the bank's appropriate department or official

4. Guarantee Details: Specific details of the bank guarantee including guarantee number, amount, beneficiary name, and original issue date

5. Cancellation Request: Clear and explicit statement requesting the cancellation of the guarantee

6. Reason for Cancellation: Brief explanation of why the guarantee is being cancelled (e.g., completion of underlying obligation, expiry of guarantee period)

7. Return of Original Documents: Statement regarding the return of original guarantee documents if applicable

8. Authorization: Statement confirming the authority to request the cancellation

9. Signature Block: Space for authorized signatory's name, title, signature, and company stamp