if applicable, bank (or similar) guarantee forms for

The guarantee is secured by a full Bank Guarantee, of equivalent value, to the outstanding income;

a so-called 'first demand guarantee': in this case, the guarantee is given to the landlord by the tenant's bank.

they shall be subject to a bank guarantee or a financial public facility having an equivalent effect

Payment of advances shall be subject to the establishment of a bank guarantee or an equivalent guarantee corresponding to 100 % of the amount of the advance.

Sufficient security shall be provided by means of issuing an irrevocable bank guarantee at a Dutch banking institution with a good reputation or by providing another, reasonably comparable, security.

Name and address of bank: SEB, S-106 40 Stockholm, Sweden

The most well-known security agreement is a mortgage.

Advantages of the bank guarantee payable on first demand

The bank guarantee is to be constituted irrevocably, autonomously and unconditionally.

The Asian company provided the bank guarantee as ordered.

The security is given by an irrevocable bank guarantee from a well-known Dutch bank with a good name and reputation, or by the acquisition of another reasonably equal security.

Bank guarantee: cover your payments or your services

If the lease agreement provides that it will be accompanied by a first demand guarantee or a simple bank guarantee, the deposit amount is placed on a special bank account belonging to the tenant.

If the lease agreement provides that it will be accompanied by a first demand guarantee or a simple bank guarantee, the deposit amount is placed on a special bank account belonging to the tenant.