Glossar Trade & Export Finance
Glossar (G)

Guarantee

See under «Bank Guarantee».

Guarantee Clause

The guarantee clause is the core component of any guarantee. It obligates the guarantor (bank), on behalf of the principal obligor (bank client), to pay a sum of money to the beneficiary. Payment must be made immediately upon first demand and independently of the underlying transaction.

Guarantee for Warranty Obligations

To secure any claims by the buyer on the seller due to possible defects appearing after delivery.

Guarantee Securing a Credit Line

The securing of any claims by the lender on the borrower due to failure to repay a credit line (loan etc.) in accordance with the terms of the underlying agreement.

GSP Form A (= Generalised Systems of Preferences certificate of origin Form A)

Certificate of origin used under preferential trade agreements with developing and newly industrialised countries.