The Issued Guarantee is closed by the Banks/Financier due to specific reasons.

To close a Guarantee, go to the Landing page (Guarantee Status: Issued [Issuance/Amendment/…./]) and click on the Close action from the actions drop-down.

A Closing Reason text input box will be displayed and will require you to provide the reason for closing  the guarantee,

Fill the closing reason and click on the Close button.