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Banking Exam Question - What are the NRB Directives (2074) Regarding Bank Guarantee? Explain



Introduction - Regarding Bank Guarantee
  1. The dispute between the banks and financial institutions will be paid for the payment of the payment of Beneficiary to the bank guarantee (bank guarantee) in the seven working days, if the claim is to be paid. Also, in the rights of the issued bail bail under the International Chamber of Commerce, Uniform Rules for Demand Guarantee (URDG), then the payment agreement will be made under the provisions of the provisions made in the law.
  2.  Within seven working days of such claim, within the seven working day, the concerned bank will not be able to pay for the benefit of the beneficiary and the payment will be made to the concerned beneficiary by borrowing the account / bank. .
  3. The probable liability for claiming bail for such payment will be to provide risk weight by 200 percent for the purpose of calculating the ratio of capital.

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