Letters of guarantee in terms of the number of issuers.. Letters of guarantee issued by one bank. Letters of guarantee issued by several banks

Can be issued letters of credit from one bank or several banks.

Letters of guarantee issued by one bank: original letter of guaranteeto be issued by one bank. And be responsible for the bank to pay the entire value of the collateral in the event of confiscation, hecommitted only to the beneficiary.

Letters of guarantee issued by several banks: this type is known to participate bail, which the performance of each bank that a certain percentage of the value of the guarantee. And such a situation occursif the value of the letter of guarantee high and would like banks inretail payments risk among them.