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The Cheque Guarantee Letter is a crucial financial instrument in Hong Kong's commercial landscape, commonly used when businesses or individuals require additional security for cheque payments. This document is particularly relevant in situations where the beneficiary needs assurance of payment, such as in large commercial transactions, property deals, or international trade. The letter, issued by a bank, provides a binding guarantee that specified cheque(s) will be honored, effectively reducing payment risk for the beneficiary. Under Hong Kong law, these guarantees are regulated by various ordinances including the Bills of Exchange Ordinance and Banking Ordinance, making them legally enforceable instruments. The document typically specifies the guaranteed amount, validity period, conditions for claiming under the guarantee, and the process for enforcement.

1. Letter Header and Date: Bank's letterhead, date, and reference number

2. Addressee Details: Full name and address of the beneficiary of the guarantee

3. Reference Line: Subject line identifying the specific cheque(s) being guaranteed

4. Guarantee Declaration: Clear statement of the bank's guarantee commitment

5. Cheque Details: Specific details of the guaranteed cheque(s) including cheque number, amount, drawer, and date

6. Guarantee Terms: Key terms including duration, conditions for payment, and any limitations

7. Claim Procedure: Process for making a claim under the guarantee

8. Governing Law Statement: Confirmation that the letter is governed by Hong Kong law

9. Authorization: Signature block for authorized bank signatory