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Accuracy on the concept of autonomous security

should know that the contractor is the principal who asked the foreign credit institution, the guarantor, to commit to the other party, the beneficiary, to pay a certain sum in If it would use the warranty.

In general, the foreign bank will agree to commit only if it, itself, covered by a guarantee by the bank of the payer's bank customer. This practice has won the French credit operators who have implemented in the reports that this practice seems internes.Il bank turns out to be a way to circumvent the legislative and jurisprudential movement protection guarantees.

The legislature has worked to ensure that the use of independent guarantee does not disadvantage the caution.Ainsi law of 26 July 2005 denatured by treating them as independent guarantees to the bond. In addition, the order of March 23, 2006 excluded the use of independent guarantees on consumer law and residential leases. Ck