URDG758TheURDG758aretheUniformRulesforDemandGuarantees-effective01July2010.'sUniformRulesforDemandGuarantees(URDG),URDG458,eptanceinrecentyearsfollowingtheirincorporationbytheWorldBankinitsguaranteeformsandtheirendorsementbyUNCITRALandleadingindustryassociations,,-mercialLawandPractice-:essivedrafts,,whichconsistedof40membersfrom26countries,,esAffaki,asions,;ithasproducedrulesthatreflectabroadconsensusamongbankers,,-firstcenturythatisclearer,,(1992-2009),,multilateralfinancialinstitutions,bankregulators,(URCG325),,,beneficiarieswereexpectedtostateingeneralterms-butnottojustify,establishorprove-thenatureoftheapplicant',becauseademandguaranteeisanindependentundertaking,
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