The Guarantee Application is sent by the corporate (Applicant) to its bank to request the bank to submit an application for bank review to issue a Guarantee on behalf of the corporate in favor of the Beneficiary. If applicable, the request may indicate that the Guarantee is to be advised to the Beneficiary via a third-party bank, normally in the beneficiary's country of domicile (i.e. Advising Bank). This application may also serve as an instruction to the bank to issue a Counter-Guarantee to a Local issuing bank requesting them to issue a local-Guarantee in favor of the Beneficiary against its counter-liability.
You have the choice to handle the Incoming guarantee through Rivo, and you may also initiate the Outgoing guarantee.
Follow this article to learn How to enter basic details for guarantee issuance
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