Urdg: 758

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: Sets precise rules for "complying presentations," so everyone knows exactly which documents are needed to trigger a payment, minimizing litigation. urdg 758

: Banks have 5 business days to decide if a demand is valid. Would you like a sample checklist or template

: Ensures the guarantee is a stand-alone contract, meaning the bank’s obligation to pay is separate from disputes about the actual goods or services. urdg 758

The cornerstone of the URDG 758 is the principle of autonomy, often referred to as the "independence principle." Under Article 5,

: A demand must include a statement explaining how the applicant breached their contract.