Ƶ

Bank Counter Guarantee Template for Philippines

Create a bespoke document in minutes,  or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Bank Counter Guarantee

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Bank Counter Guarantee

"I need a Bank Counter Guarantee document for BDO Philippines acting as counter-guarantor to HSBC Singapore for a USD 5 million export transaction, with the counter-guarantee expiring on March 15, 2025 and including specific provisions for electronic claim submissions."

Document background
A Bank Counter Guarantee is essential in complex financial transactions where multiple banking institutions are involved in providing financial security. This document is commonly used in the Philippines when a local bank needs to support its guarantee obligations through another financial institution, or in international trade scenarios where correspondent banking relationships require counter-guarantee arrangements. The document must comply with Philippine banking regulations, particularly the General Banking Law of 2000 and BSP Circular guidelines, while addressing specific requirements for claim procedures, payment mechanisms, and regulatory compliance. It's particularly relevant in projects requiring substantial financial guarantees, international trade transactions, and large-scale infrastructure or development projects where multiple layers of security are needed.
Suggested Sections

1. Parties: Identification of the counter-guarantor bank and the primary guarantor bank

2. Background: Context of the counter-guarantee, including reference to the primary guarantee and underlying transaction

3. Definitions and Interpretation: Definitions of key terms and interpretation rules

4. Counter-Guarantee Amount and Scope: Specification of the counter-guarantee amount and exact scope of coverage

5. Term and Validity: Duration of the counter-guarantee, including effective date and expiry conditions

6. Counter-Guarantee Obligations: Detailed obligations of the counter-guarantor bank

7. Conditions for Claims: Specific conditions under which claims can be made under the counter-guarantee

8. Claims Procedure: Process and requirements for making and handling claims

9. Payment Terms: Terms and conditions for payments under the counter-guarantee

10. Representations and Warranties: Standard banking and regulatory representations and warranties

11. Regulatory Compliance: Compliance with relevant banking and financial regulations

12. Notices: Communication procedures and contact details

13. Governing Law and Jurisdiction: Specification of Philippine law as governing law and jurisdiction details

Optional Sections

1. Currency Provisions: Required when counter-guarantee is in a different currency from primary guarantee

2. Security Arrangements: Include when additional security or collateral is required

3. Force Majeure: Optional section for addressing extraordinary circumstances

4. Anti-Money Laundering Provisions: Detailed AML provisions when dealing with high-risk transactions or parties

5. Electronic Communications: Include when parties agree to use electronic means for claims and communications

6. Syndication Provisions: Required when multiple banks are involved in the counter-guarantee

7. Confidentiality: Detailed confidentiality provisions for sensitive transactions

Suggested Schedules

1. Form of Demand: Standard form for making claims under the counter-guarantee

2. Copy of Primary Guarantee: Attached copy of the primary guarantee being counter-guaranteed

3. Fee Schedule: Details of fees, charges, and commission arrangements

4. Authorized Signatories: List of authorized signatories and specimen signatures

5. Communication Procedures: Detailed procedures for making claims and communications

6. Required Documents: List of documents required for claims and other processes

7. Compliance Certificates: Standard forms for regulatory compliance certificates

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions






































Clauses



































Relevant Industries

Banking and Financial Services

International Trade

Construction and Infrastructure

Manufacturing

Energy and Utilities

Telecommunications

Real Estate Development

Mining and Resources

Government and Public Sector

Import/Export

Shipping and Logistics

Relevant Teams

Legal

Treasury

Trade Finance

Risk Management

Compliance

Corporate Banking

International Banking

Credit

Operations

Finance

Documentary Credits

Relevant Roles

Treasury Manager

Bank Guarantee Officer

Trade Finance Manager

Corporate Banking Officer

Risk Management Officer

Compliance Officer

Legal Counsel

Credit Risk Officer

International Banking Manager

Documentary Credits Manager

Financial Controller

Bank Relationship Manager

Chief Financial Officer

Banking Operations Manager

Senior Credit Analyst

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Bank Guarantee Cheque

A Philippine-law governed financial instrument where a bank guarantees payment to a beneficiary on behalf of its client, subject to specified terms and conditions.

find out more

Special Bank Guarantee

A Philippine bank-issued guarantee document that provides financial security to a beneficiary in case of default by the principal, governed by Philippine banking laws.

find out more

Bank Guarantee For House Deposit

A Philippine law-governed bank guarantee document securing house deposit payments in property transactions, issued by a bank to protect the seller's interests while facilitating the buyer's purchase.

find out more

Cheque Guarantee Letter

A Philippine bank's formal guarantee to honor specific cheque(s) issued by their client, governed by Philippine banking laws and regulations.

find out more

Bank Guarantee Loan

A Philippine law-governed agreement establishing terms and conditions for a bank guarantee loan, including parties' obligations, payment terms, and security arrangements.

find out more

Bank Guarantee Security

A Philippine law-governed banking document establishing terms and conditions for a bank's guarantee of a third party's obligations, regulated by the Bangko Sentral ng Pilipinas.

find out more

Standby Letter Of Guarantee

A Philippine law-governed bank guarantee that provides financial security for payment or performance obligations, issued by a bank to benefit a third party.

find out more

Security Bank Guarantee

A Philippine-law governed bank guarantee document where a bank provides financial security for a principal's obligations to a beneficiary, subject to BSP regulations.

find out more

Guarantee Cheque Against Advance Payment

A Philippine law-governed agreement securing advance payment through a guarantee cheque, outlining terms, conditions, and remedies for all parties involved.

find out more

Bank Guarantee For Supply Of Goods

A Philippine law-governed bank guarantee that secures a buyer's payment in case a supplier fails to fulfill its supply contract obligations.

find out more

Bank Guarantee For Performance Security

A Philippine-law governed bank guarantee document where a bank provides financial security for a principal's performance obligations, subject to Philippine banking regulations and legal framework.

find out more

Cash Bank Guarantee

A Philippine-law governed bank guarantee document backed by cash deposit, establishing the bank's obligation to pay a beneficiary upon valid demand.

find out more

Government Guarantee Term Deposits

A Philippine-law governed agreement for government-guaranteed term deposits, establishing deposit terms and guarantee mechanisms under local banking regulations.

find out more

Deferred Bank Guarantee

A Philippine law-governed deferred bank guarantee document establishing a bank's commitment to pay a beneficiary upon demand, subject to specified deferral conditions.

find out more

Term Deposit Guarantee

A Philippine law-governed agreement establishing guarantee arrangements for term deposits, detailing security provisions and regulatory compliance requirements.

find out more

Banker's Guarantee For Individual

A Philippine-compliant banking document where a bank guarantees payment to a beneficiary on behalf of an individual customer if specified obligations are not met.

find out more

Bank Guarantor Letter

A Philippine-compliant banking document where a bank guarantees payment or performance on behalf of their client to a beneficiary, subject to BSP regulations.

find out more

Bank Account Guarantee

A Philippine-law governed bank guarantee document where a bank guarantees specified financial obligations of an account holder to a beneficiary, subject to BSP regulations.

find out more

Bank Account Government Guarantee

A Philippine law-governed document establishing government guarantee terms for specified bank accounts, ensuring government backing under defined conditions.

find out more

Composite Bank Guarantee

A Philippine law-governed banking instrument that combines multiple guarantee obligations into a single comprehensive security document, providing consolidated coverage for complex commercial transactions.

find out more

Down Payment Bank Guarantee

A Philippine law-governed bank guarantee securing advance payments made to contractors/suppliers, providing financial security to buyers/employers under BSP regulations.

find out more

Financial Bank Guarantee

A Philippine-law governed bank guarantee document where a bank commits to pay a specified sum to a beneficiary upon certain conditions or default events, subject to local banking regulations.

find out more

Deposit Guarantee

A Philippine law-governed agreement establishing terms and conditions for guaranteeing specified deposits, including coverage, claims procedures, and regulatory compliance requirements.

find out more

Bid Security Bank Guarantee

A Philippine bank-issued guarantee ensuring a bidder's commitment to their bid in government procurement processes, governed by RA 9184.

find out more

Bank Guarantee For Deposit

A Philippine law-governed bank guarantee document where a bank guarantees payment obligations related to deposits on behalf of their customer to a beneficiary.

find out more

Surety Bond Bank Guarantee

A Philippine law-governed bank guarantee document where a bank guarantees the obligations of a principal debtor to a beneficiary, subject to BSP regulations.

find out more

Bank Surety Letter

A Philippine bank-issued guarantee document that provides financial security for a client's obligations to a third party, governed by Philippine banking laws.

find out more

Bank Guarantee For Rent

A Philippine law-governed bank guarantee securing rental payments to a landlord, where a bank guarantees rent payment on behalf of a tenant.

find out more

Advance Bank Guarantee

A Philippine-compliant bank guarantee document securing advance payments in commercial transactions, governed by local banking laws and BSP regulations.

find out more

Domestic Bank Guarantee

A Philippine bank's formal undertaking to pay a specified sum to a beneficiary if the principal defaults, governed by Philippine banking laws and regulations.

find out more

Bank Guarantee For Tender

A Philippine-compliant financial instrument issued by a bank to guarantee a bidder's obligations in a tender process, providing security to the tender issuer.

find out more

Non Financial Guarantee

A Philippine law-governed guarantee agreement securing non-financial performance obligations between parties, providing enforcement mechanisms and remedies under local jurisdiction.

find out more

Drawdown Bank Guarantee

A Philippine law-governed bank guarantee allowing multiple partial drawings against a maximum guaranteed amount, providing flexible financial security under BSP regulations.

find out more

Corporate Bank Guarantee

A Philippine-law governed bank guarantee document where a bank guarantees a corporate client's obligations to a beneficiary, subject to BSP regulations.

find out more

Bank Guarantee For Lost Bill Of Lading

A Philippine law-governed bank guarantee that indemnifies carriers against risks associated with issuing duplicate bills of lading when originals are lost.

find out more

Bank Guarantee For Commercial Lease

A Philippine law-governed bank guarantee securing a tenant's financial obligations under a commercial lease, providing landlords with bank-backed payment security.

find out more

Guarantee Letter

A formal written commitment under Philippine law where a guarantor promises to fulfill another party's obligations if they default.

find out more

Counter Standby Letter Of Credit

A Philippine-law governed banking instrument that provides a counter-guarantee to a primary Standby Letter of Credit, establishing terms and obligations for all parties involved.

find out more

Standby Letter Of Credit And Bank Guarantee

A Philippine law-governed banking instrument combining Standby Letter of Credit and Bank Guarantee features, providing financial security through bank payment commitments upon specified conditions.

find out more

Bank Guarantee Letter Of Credit

A Philippine-law governed bank guarantee letter of credit providing financial security in commercial transactions, issued under RA 8791 and BSP regulations.

find out more

Trade Finance Bank Guarantee

A bank-issued guarantee under Philippine law that secures payment or performance obligations in trade finance transactions.

find out more

Bank Credit Guarantee

A Philippine law-governed agreement where a guarantor secures a debtor's obligations to a bank, complying with local banking and civil law requirements.

find out more

Bank Assurance Letter

A regulatory compliance document issued under Philippine law that confirms a bank's authorization and commitment to conduct bancassurance operations.

find out more

Bank Guarantee Bond

A Philippine-law governed financial instrument where a bank guarantees payment to a beneficiary if the principal defaults on specified obligations.

find out more

Revolving Standby Letter Of Credit

A Philippine law-governed banking instrument providing a renewable financial guarantee that automatically reinstates after each drawing, subject to specified conditions.

find out more

Advance Payment Guarantee Bond

A Philippine law-governed financial guarantee instrument securing advance payments made to contractors/suppliers, issued by banks or financial institutions.

find out more

Bid Bond Bank Guarantee

A Philippine bank-issued guarantee securing a bidder's obligations in tender processes, governed by RA 9184 and local banking regulations.

find out more

On Demand Bank Guarantee

A Philippine law-governed bank guarantee providing immediate payment security upon demand, subject to BSP regulations and local banking practices.

find out more

Bank Endorsement Letter

A formal banking document issued under Philippine banking regulations that verifies a client's banking relationship or financial standing for third-party recipients.

find out more

Advance Payment Guarantee Letter

A Philippine bank-issued guarantee securing advance payments in commercial transactions, governed by Philippine banking laws and regulations.

find out more

Retention Bank Guarantee

A Philippine law-governed bank guarantee securing retention money in construction projects, issued by a bank to protect the employer while releasing funds to the contractor.

find out more

Performance Standby Letter Of Credit

A Philippine-law governed bank guarantee instrument that ensures compensation to the beneficiary if the applicant fails to meet specified performance obligations.

find out more

Payment Guarantee Letter To Supplier

A Philippine law-governed financial instrument where a guarantor commits to pay a supplier if the buyer defaults on payment obligations.

find out more

Conditional Bank Guarantee

A Philippine law-governed bank guarantee that provides payment security upon fulfillment of specific conditions.

find out more

Bank Guarantee Performance Bond

A Philippine law-governed bank guarantee that secures the performance obligations of a contractor/service provider to a project owner, providing financial protection against contractual defaults.

find out more

Performance Letter Of Guarantee

A Philippine-law governed bank guarantee that assures the performance of contractual obligations, providing financial security to the beneficiary if the principal defaults.

find out more

Standby Letter Of Credit

A Philippine law-governed bank guarantee instrument that provides payment security upon documentary proof of non-performance or default by the applicant.

find out more

Cash Backed Bank Guarantee

A Philippine law-governed bank guarantee secured by cash collateral, providing financial security from a bank to a beneficiary on behalf of a principal.

find out more

Bank Counter Guarantee

A Philippine-law governed banking instrument where one bank guarantees another bank's obligations under a primary guarantee, establishing terms and conditions under Philippine banking regulations.

find out more

Back To Back Bank Guarantee

A Philippine law-governed bank guarantee agreement establishing counter-guarantee arrangements between two banks with associated terms and regulatory compliance requirements.

find out more

Irrevocable Standby Letter Of Credit

A Philippine-law governed bank guarantee instrument that provides payment security upon presentation of specified documents, regulated by BSP and international banking standards.

find out more

Bid Bond Tender Guarantee

A Philippine-law governed financial guarantee issued by a bank/insurer to protect a procuring entity against a bidder's failure to honor their bid obligations.

find out more

Bank Guarantee Letter

A Philippine-law governed bank undertaking that guarantees payment or performance obligations of a principal to a beneficiary, backed by the bank's commitment to pay upon valid demand.

find out more

Bank Letter Of Comfort

A Philippine-regulated banking document providing measured assurance about a client's financial standing or banking relationship, governed by Philippine banking laws and BSP regulations.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.