How to enter a Guarantee

1.  Go to Deal input and choose Guarantee  
2. Choose Issuer or Receiver (the field will be shown a bit differently depending on the choice)
3. 

Issuer - Issued guarantee

1. Applicant is the party that needs the guarantee (must be a legal entity in Treasury systems)
2. Guarantor is the party that guarantees to fulfill the commitment (must be a counterpart in Treasury Systems)
3. Beneficiary is the beneficiary of the guarantee, free text field, could be a bank or a supplier and is optional to use
4. Name is a free text field that is optional to use
5. End date, if there is no end date you can type MAX as date code    
6. If the guarantee should be connected to a credit facility, please select the facility in the drop down list.
7. FX Conversion Rate filed should be filled in if the guarantee and the credit facility is  in different currencies.
8. If there are fees linked to the guarantee you press Add deal and add a calculated fee (if the fee is a percentage) or recurring fee if the fee is a fixed amount.  

Amount will be negative

Receiver - Received guarantee

1. Beneficicary ( must be a legal entity in treasury system)
2. Guarantor is the party that guarantees to fulfill the commitment (must be a counterpart in Treasury Systems)
3. Applicant, free text field, could be a bank or a supplier and is optional to use 

Amount will be positive

No accounting or payments are generated for the guarantee itself. 

It is possible to set up templates of guarantees and select all commonly used settings. It is also possible to add a calculated fee to the template, if a guarantee fee is always to be used.