HSBC Premier Clearing claymore Hill 18-01 Singapore
BANK GUARANTEE TEXT FOR APPROVAL ONLY
AMOUNT : USD XX (USD) (XX MILLION)
TRANSACTION CODE :
DATE OF ISSUE : XX/XX/XXXX
MATURITY DATE : XX/XX/XXXX
BENEFICIARY :
DELIVERY BANK :
DELIVERY SWIFT ADDRESS:
APPLICANT :
FOR VALUE RECEIVED, WE THE UNDERSIGNED, DULY AUTHORIZED TO ACT ON
BEHALF OF HSBC BANK SINGAPORE LTD HEREBY IRREVOCABLY, TRANSFERABLE, UNCONDITIONALLY AND WITHOUT PROTEST OR NOTIFICATION, UNDERTAKE TO PAY AGAINST THIS LETTER OF GUARANTEE TO THE ORDER OF XXXXXXXXX BEARER OR HOLDER THEREOF AT MATURITY THE AMOUNT OF USD XX,000,000.00 IN THE LAWFUL CURRENCY OF THE UNITED STATES UPON PRESENTATION AND SURRENDER OF THIS BANK LETTER OF GUARANTEE AT THE COUNTERS OF (ISSUING BANK). SUCH PAYMENT WILL BE MADE WITHOUT SET-OFF AND FREE AND CLEAR OF ANY DEDUCTION OR CHARGES, FEES OR WITHHOLDING OF ANY NATURE NOW OR HEREAFTER IMPOSED OR LEVIED, COLLECTED, WITHHELD OR ASSESSED BY THE GOVERNMENT OF (COUNTRY OF THE ISSUING BANK) OR ANY POLITICAL SUBDIVISION OR AUTHORITY THEREOF OF THEREIN. THIS GUARANTEE IS SUBJECT TO THE UNIFORM CUSTOM AND PRACTICE FOR DOCUMENTARY CREDIT (1993 REVISION) OF THE INTERNATIONAL CHAMBER OF COMMERCE, PARIS (FRANCE), AND PUBLICATION NUMBER ICC 500-600.
THIS GUARANTY SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF SINGAPORE. THIS GUARANTEE IS DIVISIBLE, TRANSFERABLE AND ASSIGNABLE WITHOUT PRESENTATION OF IT TO US, AND WITHOUT PAYMENT OF ANY TRANSFER OR ASSIGNMENT FEE.