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Is it Possible to Confirm Guarantees Subject to URDG758?
Posted: Sun Sep 16, 2012 10:39 am
Is it possible to confirm guarantees subject to URDG758?
Comments Appreciated !
Posted: Sun Sep 16, 2012 11:52 am
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
I have just read somewhere URDG allows counterguarantee.
Confirmation of G'tee
Posted: Fri Sep 21, 2012 10:18 pm
Thanks all, counter guarantee is probably misunderstood as confirmation.