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Standard Chartered Investments and Loans (India) Ltd.
 
 
Off Balance Sheet

Financial guarantees are issued by the company on behalf of the customer (principal) guaranteeing that, should the principal not comply with his financial obligations to the beneficiary, leading to a claim under the guarantee, then the issuing party will make financial recompense in accordance with the terms of the guarantee.

Under the guarantee, the beneficiary is indemnified for a stated amount against presentation of a written demand and/or any other documents called for by the guarantee, evidencing that the principal has failed to fulfill his obligations under the underlying transaction/loan agreement.

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