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Master Circular GUARANTEES, ACCEPTANCES & LETTERS OF CREDIT (Updated up to 30 June 2006)(The Master Circular is also available at RBI website www.rbi.org.in and may be downloaded from there)RESERVE
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What is guarantees co-acceptances?
Guarantees co-acceptances are agreements where two parties agree to jointly guarantee a debt or obligation.
Who is required to file guarantees co-acceptances?
The parties involved in the agreement are required to file guarantees co-acceptances.
How to fill out guarantees co-acceptances?
Guarantees co-acceptances can be filled out by including the necessary information such as the parties involved, the amount guaranteed, and the terms of the agreement.
What is the purpose of guarantees co-acceptances?
The purpose of guarantees co-acceptances is to provide additional security for lenders in case the borrower defaults on the loan or obligation.
What information must be reported on guarantees co-acceptances?
The information that must be reported on guarantees co-acceptances includes the names of the parties involved, the amount guaranteed, and the terms of the agreement.
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