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Agent (Leading Bank)
The Agent issues the Guarantee for the full amount and backed up by counter-guarantees from the participating bank(s). If no agents have been elected in a Multi-Party Guarantee there could be a dilemma for the Guarantor to execute a demand if the Guarantee is silent regarding the responsibility of each party involved.
_{This article was originally published in forum thread:

Agent (Leading Bank)
started by
Arvid Björkström} _{View original post}

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Recent Forum Posts (old)

Thanx Daria, I'll check this with the local guys...

Thanx Daria, I'll check this with the local guys and share my expericnce
Vadim
Vadim Gusev 1 Day Ago

Spam deleted - thx for the heads up!

Spam deleted - thx for the heads up!
Hakan Aldrin 1 Day Ago

Thx for the update!

Thx for the update!
Hakan Aldrin 1 Day Ago

Dear Vadim, as per my understanding the draft...

Dear Vadim,

as per my understanding the draft shall be distributed from ICC BPO working group to national committees of ICC in each respective country. So should you want to have a look you should...
Daria Avdeeva 1 Day Ago

Hi Daria Would you let me know what is the...

Hi Daria
Would you let me know what is the expected audience the draft to be distributed to? I personally would like to have a draft to understand how ICC is treating BPO.
Rgds,
Vadim
Vadim Gusev 1 Day Ago

This above 'spam' scam posting needs deleting. ...

This above 'spam' scam posting needs deleting. (It is a scam posting as one simply cannot 'lease' a SBLC/BG or LC; this is simply the language of fraudsters and -occasionally- their unwittng dupes.)
Mr. Smith 2 Days Ago

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Hei, Håkan,

the latest update I have received last week at the ICC Global Conference is that BPO's working group has met last time in Doha, Qatar in March this year. The preliminary draft for...
Daria Avdeeva 2 Days Ago