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Copyright © International Chamber of Commerce (ICC). All rights reserved.
( Source of the document: ICC Digital Library )

Article: Index of correspondence between URDG and ISDGP Author: International Chamber of Commerce Published in: International Standard Demand Guarantee Practice Link: https://library.iccwbo.org/content/tfb/BOOKS/EBK_814e/tfb-EBK_814e-index-correspondance.htm?l1=Books&l2=International+Standard+Demand+Guarantee+Practice

Index of correspondence between URDG and ISDGP

International Standard Demand Guarantee Practice

for URDG 758

by International Chamber of Commerce

Article Details

  • International Chamber of Commerce
  • International Standard Demand Guarantee Practice
  • 48
  • 2021
  • Index of correspondence between URDG and ISDGP
  • English


Table of Contents

  • Introduction
  • A. Application of ISDGP
  • B. Definitions
  • Applicant
  • Application
  • Authenticated
  • Beneficiary
  • Business day/business hours
  • Charges
  • Complying presentation
  • Counter-guarantee
  • Demand
  • Guarantor
  • Guarantor’s own records
  • Instructing party
  • Presenter
  • Signed
  • Other terms not defined in the URDG
  • C. Drafting the guarantee
  • General drafting considerations
  • Reference to the underlying relationship
  • Use of generic terms to describe an issuer of a document
  • Expiry terms
  • Governing law
  • Jurisdiction
  • Exclusions
  • D. Issuing the guarantee
  • When is a guarantee ‘issued’?
  • E. Advising a guarantee
  • F. Amendments
  • G. Presentation
  • Premature presentation
  • To whom presentations may be made?
  • Presentations in electronic/digital form
  • Original/Copy of a document
  • Identification of guar antee under which a presentation is made
  • Documents t o be appr oved or c ountersigned by an applicant
  • H. Demands
  • Supporting statement(s) under article 15(a) or (b)
  • Form and content of demand
  • Date of demand
  • Partial demand and multiple demands; amount
  • Corrected presentations, including demands
  • I. Extend or pay demand
  • Examination and suspension
  • Repeating a demand during the suspension period
  • Suspension period by counter-guarantor
  • No need to repeat or update demand
  • No interest on suspension period
  • J. Examination
  • Standard for determination of compliance
  • Presenting non-required information in a required document / Presenting a non-required document
  • Recalculations
  • Typographical errors
  • Abbreviation of corporate forms
  • Punctuation marks in a document
  • Document issuers
  • Signatories
  • Countersignature by beneficiary’s bank / Authentication of beneficiary signatures
  • Examination timeline
  • K. Payment
  • Date of payment
  • Set-off
  • Currency of payment
  • Subrogation
  • Payment without a demand
  • L. Non-complying demand, waiver and notice
  • Notice of rejection / Waiver
  • Rejection terms
  • Corrections t o a non-complying demand
  • M. Reduction and expiry of a guarantee
  • Payment reductions
  • Total or partial release
  • Article 25: overriding termination terms
  • Automatic extension of guarantees
  • N. Force majeure
  • O. Transfers
  • Amount of transfer
  • Transfers of amended guarantees
  • Transferee beneficiary to present the documents
  • Transfers by operation of law
  • P. Assignment of proceeds
  • Q. Miscellaneous
  • Fraud
  • Provisional court measures
  • Sanctions clauses
  • Index of correspondence between URDG and ISDGP
  • ICC Trade finance publications
  • ICC Digital Library
  • About the International Chamber of Commerce (ICC)
  • International Standard Demand Guarantee Practice

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