The Guarantee business sector is used to create guarantees, to request another bank to create a guarantee, to advise beneficiaries of guarantees received - with or without confirmation - and to process guarantees in the bank's favor. Correspondingly, all transactions related to these so called Guarantees can be processed.

'Shipping Guarantees' can be processed in the business sector L/C or collections or in business sector 'Shipping Guarantees'.

The MyModelbank contains several contracts in different stages of processing to be able to provide examples of various situations. The relevant transactions have been completely processed to illustrate the nature of working with the application. The list of contracts and processed transactions can be found in the section 'Contracts and Transactions'. These examples have been written with the standard version of the application. Due to the fact that customer-specific adjustments may have been carried out, results may vary from those provided by the MyModelbank.

The different ways of working with the individual transactions are described in the user documentation of the application.