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Guarantee checklist: Difference between revisions
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| '''Permanence''' || Is it unconditional, irrevocable and continuing? || | | '''Permanence''' || Is it unconditional, irrevocable and continuing? || | ||
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|rowspan=" | |rowspan="7"| '''Unaffected'''|| Is it unaffected by: | ||
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Obligor’s [[insolvency]] | Obligor’s [[insolvency]] | ||
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Obligor’s lack of [[capacity and authority]] | |||
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| '''Punctual performance''' || Does it guarantee the obligor’s “punctual performance”?|| | | '''Punctual performance''' || Does it guarantee the obligor’s “punctual performance”?|| | ||
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| '''Independence/other sureties'''|| Is it independent of any other credit support arrangement between the beneficiary and obligor and unaffected by any other security or rights beneficiary may have against the obligor?|| | |||
| '''Independence''' || Is it independent of any other credit support arrangement between beneficiary and obligor?|| | |||
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|rowspan="2"| '''Indemnity''' || Is there an indemnity against beneficiary’s costs of enforcement of guaranteed obligations?|| | |rowspan="2"| '''Indemnity''' || Is there an indemnity against beneficiary’s costs of enforcement of guaranteed obligations?|| | ||