Is it Possible to Confirm Guarantees Subject to URDG758?

With the introduction of Uniform Rules for Documentary Guarantee or URDG 758, the rules for Documentary Guarantee seem to be popular again. It can be imagined from the increasing number of questions that have popped up in recent days. Documentary Guarantee Forum is an effort to develop a platform to discuss these questions.
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Sabrina
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Is it Possible to Confirm Guarantees Subject to URDG758?

Post by Sabrina »

Is it possible to confirm guarantees subject to URDG758?

Comments Appreciated !
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picant
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IMHO

Post by picant »

Hi Pal,

I dare say that the confirmation of a guarantee is when a bank issues its own undertaking backed by the counterguarantee of another bank.
Other comments appreciated
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aemrek
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Guarantee

Post by aemrek »

I have just read somewhere URDG allows counterguarantee.
Sabrina
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Confirmation of G'tee

Post by Sabrina »

Thanks all, counter guarantee is probably misunderstood as confirmation. :-?
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