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Standby/guarantee

Posted: Sun Sep 28, 2014 12:29 am
by LCTest
I have guarantee that has expired, but my bank tells me they can't cancel security until 30 days after expiry date. Can someone explain the reason for this? What if I need security to issue another one?

Expiry

Posted: Sat Oct 11, 2014 11:37 pm
by picant
Hi Pal,

it depends on the rules applicable, if local or internationally recognized URDG 758, ISP98 etc.
Check the wording!
Ciao