Demand guarantee or guarantee means any signed undertaking, however named or described, providing for payment on presentation of a complying demand.
Guarantee by its nature is a separate transaction from the sale or another contract on which it may be based.
The Uniform Rules for Demand Guarantees, 2010 Revision, ICC Publication No. 758 apply to any demand guarantee or counter-guarantee that expressly indicates that it is subject to these rules.
Forms of Guarantee
Guarantee which is secured/covered by the funds lodged by the customer.
Gurantee which is issued within the framework of customer's credit line.
Guarantee issued against counter-guarantee of "Tengri Bank" JSC.
For any queries or details please contact our experts:
Head of International Relations Department
Telephone: +7 (727) 244 34 34 (ext.3050)
Chief specialist of International Relations Department
Telephone: +7 (727) 244 34 34 (ext.3051)
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