CreditWiseConfident Decisions

Joint Letter of Indemnity

Binding specimen for a joint indemnity issued by a lead bank on behalf of all participating banks for guarantee facilities.

Indemnity Wizard

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General
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Guarantee
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Liability
Agreement Details

Indemnity Governance

This joint indemnity acts as the ultimate security for the lead bank against liabilities arising from issued guarantees.

  • Protects the Lead Bank from default specific to local head office operations.
  • Defines pro-rata contribution and demurred payment obligations.
Legal Audit Note
Ensure the board resolution authorizing this indemnity is cited and annexed to the final physical copy.