Performance Bank Guarantee Charges documents are essential instruments in Pakistani banking practice, typically required when banks issue performance guarantees for various commercial and infrastructure projects. These documents detail the complete cost structure associated with issuing and maintaining bank guarantees, including initial charges, periodic fees, amendment costs, and processing charges. Under Pakistani banking regulations, particularly those governed by the State Bank of Pakistan, banks must clearly document and communicate all charges related to performance guarantees. The document serves as a crucial reference point for all stakeholders, ensuring transparency in banking transactions and compliance with local banking laws. It is particularly relevant in situations where large-scale projects require performance guarantees, and parties need clarity on the financial implications of maintaining such guarantees.
Create a bespoke document in minutes, or upload and review your own.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Get your first 2 documents free
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Key Requirements PROMPT example:
Performance Bank Guarantee Charges
"I need a Performance Bank Guarantee Charges document for a large-scale construction project in Lahore, Pakistan, with multiple guarantee tranches starting from March 2025, ensuring compliance with State Bank of Pakistan's latest regulations for infrastructure projects."
1. Bank Details and Reference Number: Identification of the issuing bank, branch details, and unique guarantee reference number
2. Date: Date of issuance of the bank guarantee
3. Beneficiary Details: Complete name and address of the party in whose favor the guarantee is being issued
4. Applicant Details: Complete name and address of the party on whose behalf the guarantee is being issued
5. Underlying Contract Reference: Details of the primary contract or tender for which the guarantee is being issued
6. Guarantee Amount: The maximum amount for which the bank guarantee is being issued, in both figures and words
7. Guarantee Period: Validity period of the guarantee, including start date and expiry date
8. Terms and Conditions: Core terms including invocation conditions, bank's obligation to pay, and manner of making a claim
9. Claim Period: Timeframe within which claims can be made after the expiry of the guarantee
10. Governing Law and Jurisdiction: Specification of Pakistani law as governing law and relevant jurisdiction
11. Bank's Undertaking: Formal declaration of the bank's commitment to honor the guarantee
12. Authorized Signatures: Space for authorized bank officials' signatures and bank stamp
1. Counter Guarantee Reference: Required when the guarantee is issued based on a counter guarantee from another bank
2. Reduction Clause: Optional clause specifying if and how the guarantee amount can be reduced over time
3. Extension Clause: To be included when there's a possibility of extending the guarantee period
4. Assignment Restriction: Clause prohibiting assignment of the guarantee, included when specifically required
5. Force Majeure Clause: Optional clause defining circumstances under which bank's obligations might be affected
6. Multiple Beneficiary Clause: Required when the guarantee is issued in favor of multiple beneficiaries
7. Language Declaration: Required when the guarantee is issued in multiple languages
1. Schedule A - Claim Format: Prescribed format for submitting claims under the guarantee
2. Schedule B - List of Authorized Signatories: Details of persons authorized to sign documents related to the guarantee
3. Schedule C - Fee Schedule: Details of bank charges, commission, and other applicable fees
4. Appendix 1 - Supporting Documents: List of documents submitted to the bank for issuance of the guarantee
5. Appendix 2 - Communication Format: Prescribed format for all communications related to the guarantee
Authors
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Construction and Infrastructure
Manufacturing
Energy and Utilities
Telecommunications
Government and Public Sector
Real Estate Development
Mining and Resources
Defense Contracting
International Trade
Relevant Teams
Legal
Finance
Treasury
Risk Management
Compliance
Commercial Operations
Project Management
Procurement
Credit Administration
Client Relations
Operations
Relevant Roles
Bank Manager
Financial Controller
Project Manager
Contract Administrator
Chief Financial Officer
Treasury Manager
Risk Management Officer
Compliance Officer
Legal Counsel
Commercial Director
Procurement Manager
Business Development Manager
Credit Risk Officer
Account Relationship Manager
Operations Manager
Find the exact document you need
Bank Guarantee In (Construction)
A South African law-governed security instrument where a bank guarantees payment to an employer for a contractor's default in construction projects.
find out more
Letter Of Guarantee For Payment
A Maltese law-governed document where a guarantor commits to paying a specified sum to a beneficiary if a principal debtor defaults on their payment obligations.
find out more
Performance Bank Guarantee Charges
A Pakistani banking document specifying the fee structure and charges applicable to Performance Bank Guarantees under Pakistani law.
find out more
Bank Guarantee Construction Project
A Pakistani law-governed bank guarantee document securing contractor obligations in construction projects, issued by a bank to protect project owner interests.
find out more
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
Our bank-grade security infrastructure undergoes regular external audits
We are ISO27001 certified, so your data is secure
Organizational security
You retain IP ownership of your documents
You have full control over your data and who gets to see it
Innovation in privacy:
Genie partnered with the Computational Privacy Department at Imperial College London
Together, we ran a 拢1 million research project on privacy and anonymity in legal contracts
Want to know more?
Visit our for more details and real-time security updates.
Read our Privacy Policy.