Guarantees follow the ICC Uniform Rules for Demand Guarantees (URDG 758) structure.
Fill in the parties, amount, and conditions — get a complete guarantee text instantly.
Output matches what issuing and advising banks expect in standard practice.
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Each template includes the standard URDG 758 clauses its type requires.
Performance Guarantee
Secures the beneficiary against the principal's failure to perform contractual obligations.
Bid Bond (Tender Guarantee)
Ensures the bidder accepts the contract if awarded and provides required security.
Advance Payment Guarantee
Protects the buyer's advance payment if the seller fails to deliver.
Retention Money Guarantee
Allows release of retention funds to the contractor against a bank undertaking.
Payment Guarantee
Secures the seller's right to payment if the buyer defaults.
Warranty Guarantee
Covers defects or obligations during a warranty period after delivery.
A bank guarantee is a written undertaking by a bank (the guarantor) at the request of a party (the principal/applicant), to pay another party (the beneficiary) a sum of money upon demand, upon presentation of a complying demand, or upon another specified event. Unlike a Letter of Credit, a guarantee is typically invoked only when the principal fails to meet their obligation — it is a fallback, not a primary payment instrument.
URDG 758 — the ICC Uniform Rules for Demand Guarantees — is the most widely adopted international standard for demand guarantees. It defines the structure, the roles of the parties, the requirements for a demand, the examination standard, and the rules on expiry and amendments. A guarantee subject to URDG 758 gives all parties a clear, predictable framework.
Discrepia's guarantee generator produces text that follows the URDG 758 structure — including the guarantee number, parties, maximum amount and currency, demand conditions, expiry details, and governing law — so your output is immediately recognizable to banks and counterparties.