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Amendment

Posted: Wed Jul 06, 2016 5:18 pm
by Kiara
Hi all,

Can we amend a guarantee amount and currency or should we cancel the guarantee and issue a new one?

Looking forward to hearing from you.

Thanking you in advance.
Kiara

Depends on ....

Posted: Thu Jul 21, 2016 8:05 pm
by picant
Hi Pal,

IMHO, it depends on theRules regulating the guarantee, USDG 758 p.e., then if the guarantee is a deed or a swift message, it is better to fill a new deed to exchange against the old one....
All to be seen in total.
Ciao