Performance Bank Guarantee Charges documents are essential instruments in UAE banking operations, specifically designed to provide transparency and structure to the fees associated with issuing and maintaining performance guarantees. This document becomes necessary when banks need to clearly communicate their charging structure to clients requiring performance guarantees for various business activities. Operating under UAE jurisdiction, particularly UAE Federal Law No. 18 of 1993 and UAE Central Bank regulations, it ensures compliance with local banking practices while providing a comprehensive framework for guarantee-related charges. The document typically serves as a reference point for both bank staff and clients, detailing various scenarios of charge application, calculation methods, and payment terms for Performance Bank Guarantee services.
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1. Bank Details and Customer Information: Identification of the issuing bank and the customer requesting the performance bank guarantee
2. Purpose and Scope: Clear statement of the document's purpose in outlining charges for performance bank guarantees
3. Definitions: Key terms used throughout the document including 'Performance Bank Guarantee', 'Guarantee Amount', 'Beneficiary', and charge-related terminology
4. Basic Charges Structure: Standard fees and charges applicable to all performance bank guarantees
5. Calculation Method: Detailed explanation of how charges are calculated, including percentage rates and minimum charges
6. Payment Terms: Terms and conditions for payment of charges, including timing and method of payment
7. Amendments and Additional Services: Charges applicable for amendments to guarantees and related services
8. General Terms and Conditions: Standard terms applying to all guarantee-related charges
1. Special Project Considerations: Additional charge structures for specific project types or sectors - include when dealing with specialized industries
2. International Guarantee Charges: Include when the bank offers international guarantee services with specific charging structures
3. Corporate Package Rates: Include when offering special rates for corporate clients or bulk guarantees
4. Islamic Banking Compliance: Include when the charges need to comply with Islamic banking principles
5. Government Project Rates: Include when specific rates apply for government or semi-government projects
1. Schedule A - Standard Rate Card: Detailed breakdown of standard charges and fees for different guarantee amounts
2. Schedule B - Special Services Charges: List of charges for additional services related to performance guarantees
3. Schedule C - Currency Conversion Rates: Applicable exchange rates and related charges for foreign currency guarantees
4. Appendix 1 - Sample Calculation Examples: Practical examples showing how charges are calculated in different scenarios
5. Appendix 2 - Required Documentation: List of documents required for different types of guarantee requests and their associated charges
Authors
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Relevant Industries
Banking and Financial Services
Construction and Infrastructure
Government and Public Sector
Real Estate Development
Manufacturing
Trading and Commerce
Oil and Gas
Energy and Utilities
Transportation and Logistics
Healthcare
Relevant Teams
Legal
Finance
Credit
Compliance
Corporate Banking
Trade Finance
Risk Management
Treasury
Operations
Customer Service
Project Management
Procurement
Relevant Roles
Bank Manager
Relationship Manager
Credit Officer
Treasury Manager
Finance Director
Contract Manager
Project Manager
Chief Financial Officer
Risk Manager
Compliance Officer
Legal Counsel
Trade Finance Manager
Corporate Banking Officer
Financial Controller
Procurement Manager
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