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Is it Possible to Confirm Guarantees Subject to URDG758?

Posted: Sun Sep 16, 2012 10:39 am
by Sabrina
Is it possible to confirm guarantees subject to URDG758?

Comments Appreciated !


Posted: Sun Sep 16, 2012 11:52 am
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


Posted: Sun Sep 16, 2012 10:54 pm
by aemrek
I have just read somewhere URDG allows counterguarantee.

Confirmation of G'tee

Posted: Fri Sep 21, 2012 10:18 pm
by Sabrina
Thanks all, counter guarantee is probably misunderstood as confirmation. :-?