Financiers have their own Standard Guarantee text to be used for the processing of Guarantees / standby LC Issuance.

 

Guarantee Product: 

At the time of processing a guarantee issuance, this Standard Guarantee text template is updated automatically with the correct values when using the text template.

The template can be added for the available guarantee types:

• Bid Bond
• Performance
• Warranty
• Payment
• Credit
• Customs
• Credit Card
• Advance
• Standby LC

To create a text template, go to the Home Page and click on the Administrator settings and
then click on the Guarantee Text Template [Home -> Administrator -> Text Template].

Choose the Product as Guarantee from the drop down list.

Select the Guarantee Type for which you want to create the text template and fill all the required Mandatory fields ;  Template Name, Guarantee type,
Form, Another Bank Involved, Applicable Rule and Language.

 

Type in the Guarantee text template, you may populate dynamic data into the text by adding Dynamic text values 

Once you have entered all the required fields, Click on Save button.

A small pop up message is displayed "Are You Sure You Want To Override The Template:'XXX' ?"

After you click the Save button , the template is available for selection by the corporate users.

 

 

To view the list of available guarantee text templates in the grid table, 

 

 

Note: If the applicant has an exposed entity in a Organization structure and a new Guarantee deal is initiated

                                                 

The Applied Unit field is chosen as an exposed entity. In this case, standard wordings in the Guarantee text should have the Name, address, city, and country of the exposed entity selected. 

 

 

Standby LC Product: 

At the time of processing a Standby LC issuance, this Standard text template is updated automatically with the correct values when using the text template.

 

The template can be added for the available Standby types:

• Bid Bond
• Performance
• Payment
• Credit

To create a text template, go to the Home Page and click on the Administrator settings and
then click on the Guarantee Text Template [Home -> Administrator -> Text Template].

 

Choose Product as standby LC from the drop down list.

 

Select the Type for which you want to create the text template and fill all the required Mandatory fields ;  Template Name, Another Bank Involved, Applicable Rule and Language.

 

Type in the Standby LC Text template, you may populate dynamic data into the text by adding Dynamic text values 

 

Once you have entered all the required fields, Click on Save button.

After you click the Save button , the template is available for selection by the corporate users.

 

 

 

See also: 

How the end user will use the templates in a guarantee:  How to pick a Guarantee text?