The autonomous guarantee or autonomous counter guarantee shall cease to exist in any of the
following cases:
- on the specified calendar day or at the expiration of the time limit;
- n the presentation to the guarantor or counter guarantordischarging documents specified in the
autonomous guarantee or counter guarantee;
- on the written declaration of the beneficiary discharging the guarantor of his obligation
regarding the autonomous guarantee or the written declaration of the guarantor discharging
the counter guarantor of his obligation regarding the autonomous counter guarantee.
TITLE – 2
TRANFERABLE SECURITIES
Official translation
Spot-checked
In force from 15 December 2010
Source page 17