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A Letter For Cancellation Of Bank Guarantee is a crucial document used when an entity wishes to terminate a bank guarantee that is no longer required or has served its purpose. This document is particularly important in Hong Kong's dynamic business environment, where bank guarantees are frequently used in various commercial transactions. The letter must be drafted in accordance with Hong Kong banking regulations and typically includes specific reference details, confirmation of obligation fulfillment, and requests for the return of original documentation. It's commonly used when a project has been completed, a contract has been fulfilled, or when the underlying obligation secured by the bank guarantee has been satisfied. The document serves as a formal request to release the guarantor from their obligations and often requires specific supporting documentation to comply with local banking practices.

1. Letter Header: Bank's name, address, and date of letter

2. Reference Line: Bank guarantee number, any relevant account numbers, and other reference identifiers

3. Subject Line: Clear indication that this is a request for cancellation of bank guarantee

4. Bank Guarantee Details: Specific details of the bank guarantee including issue date, amount, beneficiary, and purpose

5. Cancellation Request: Formal request for cancellation with confirmation that underlying obligations have been fulfilled

6. Return of Original Documents: Request for return of original guarantee document if applicable

7. Authorization: Statement of authority to request cancellation

8. Signature Block: Authorized signatory details and signature space