This template is a demand used by the guarantor bank under a demand guarantee to make a demand upon a counter-guarantor bank for a payment to be made under a counter-guarantee. This template includes practical guidance and drafting notes. Counter-guarantees are irrevocable written undertakings issued by a counter-guarantor, typically a bank local to the applicant, to secure and indemnify payment by a guarantor bank, typically local to the beneficiary, upon demand under a demand guarantee. The demand must have a supporting statement and documents complying with the terms and conditions set forth in the counter-guarantee. Most counter-guarantees include a clause making them subject to the Uniform Rules for Demand Guarantees 2010 Revision, ICC Publication No. 758 (URDG 758). The capitalized terms used in this template should be conformed to the defined terms in the counter-guarantee or other relevant agreements between the parties. This template should be used in conjunction with the ...