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Back to Back Guarantees

In: The Trade and Receivables Finance Companion

Author

Listed:
  • Stephen A. Jones

    (AXS Trade Finance Ltd.)

Abstract

In this chapter we examine a middle-party’s requirement for the issuance of demand guarantees, the nature of the resultant risk exposure for them and their bank, and how the transaction can be structured to mitigate risk. A variety of solutions are described for the middle-party’s bank to include back to back guarantees, assignment of proceeds and the use of transferable guarantees. The importance of considering the bigger picture is highlighted with regard to both risk and opportunity before issuing guarantees.

Suggested Citation

  • Stephen A. Jones, 2019. "Back to Back Guarantees," Springer Books, in: The Trade and Receivables Finance Companion, chapter 10, pages 131-148, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-25139-0_10
    DOI: 10.1007/978-3-030-25139-0_10
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