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Business Bank Guarantee

Business Bank Guarantee Template for Switzerland

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Key Requirements PROMPT example:

Business Bank Guarantee

"I need a Business Bank Guarantee for a construction project in Geneva, where my company (SwissBuild AG) requires a CHF 2 million guarantee from UBS Bank to secure contract performance for the beneficiary (Geneva Airport Authority), valid from March 1, 2025, to December 31, 2025."

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Document background
The Business Bank Guarantee is a crucial financial instrument in Swiss commercial transactions, commonly used to secure contractual obligations in various business contexts. It is particularly relevant when a party requires financial security for performance obligations, advance payments, or tender participation. The document, structured under Swiss law and banking regulations, establishes the bank's irrevocable commitment to pay upon valid demand, typically up to a specified maximum amount. This type of guarantee is widely used in international trade, construction projects, and large commercial contracts where Swiss banking expertise and reliability are valued. The Business Bank Guarantee includes specific provisions for demand procedures, validity periods, and release conditions, while ensuring compliance with Swiss banking regulations and international banking practices where applicable.
Suggested Sections

1. Parties: Identification of the Bank (Guarantor), the Applicant (Principal), and the Beneficiary

2. Background: Context of the underlying transaction and reason for the guarantee

3. Definitions: Key terms used throughout the guarantee document

4. Guarantee Amount and Currency: Specification of the maximum guaranteed sum and currency

5. Scope of Guarantee: Detailed description of the obligations being guaranteed

6. Duration and Expiry: Validity period of the guarantee, including start date and expiry conditions

7. Demand Requirements: Conditions and procedure for making a claim under the guarantee

8. Payment Terms: Timing and method of payment upon valid demand

9. Reduction and Release: Conditions under which the guarantee amount may be reduced or the guarantee released

10. Bank's Rights and Obligations: Specific rights and obligations of the guarantor bank

11. Governing Law and Jurisdiction: Confirmation of Swiss law application and jurisdiction

12. Notices: Communication requirements and contact details

13. Execution: Signature blocks and execution requirements

Optional Sections

1. Transfer and Assignment: Include when the guarantee needs to be transferable or assignable

2. Counter-Indemnity: Include when specific counter-indemnity arrangements are required from the applicant

3. Compliance with URDG 758: Include when the guarantee needs to comply with international standards

4. Foreign Law Compliance: Include when the guarantee involves cross-border elements

5. Force Majeure: Include when specific force majeure provisions are required

6. Multiple Beneficiaries: Include when there are multiple beneficiaries with specific arrangements

7. Language: Include when the guarantee needs to be issued in multiple languages

8. Electronic Presentation: Include when electronic submission of demands is permitted

Suggested Schedules

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

2. Underlying Contract Details: Summary of the main contract or obligation being guaranteed

3. Authentication Procedures: Specific requirements for authenticating demands and communications

4. Authorized Signatories: List of persons authorized to make demands or communications

5. Fee Schedule: Details of bank fees and charges related to the guarantee

6. Reduction Schedule: If applicable, schedule of planned reductions in guarantee amount

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions


































Clauses


























Relevant Industries

Banking & Financial Services

Construction & Infrastructure

International Trade

Manufacturing

Real Estate

Energy & Utilities

Telecommunications

Mining & Resources

Retail & Consumer Goods

Transportation & Logistics

Relevant Teams

Legal

Finance

Treasury

Risk Management

Compliance

Commercial Operations

Project Management

Trade Finance

Corporate Banking

Credit Administration

Relevant Roles

Chief Financial Officer

Treasury Manager

Finance Director

Contract Manager

Legal Counsel

Risk Manager

Commercial Director

Project Manager

Banking Relationship Manager

Compliance Officer

Credit Manager

Trade Finance Manager

Corporate Banking Officer

Financial Controller

Business Development Director

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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