International Convention on Guarantees and Securities

The International Convention on Guarantees and Securities is an agreement designed to create a consistent legal framework for the use and recognition of guarantees and security interests across different countries. It aims to facilitate international trade and financing by ensuring that guarantees—such as collateral or surety arrangements—are recognized and enforceable worldwide, reducing legal uncertainties. This helps lenders and borrowers have clearer, reliable processes for securing obligations internationally, promoting economic cooperation and reducing risks in cross-border transactions.