Analysis on the Independent Guarantee in Terms of Law

With the expansion of international economic exchange and the booming of domestic and international trade,traditional forms of guarantee would no longer be capable of adapting to such changing development,It is under this circumstance that a new form of independent guarantee system has been developed out of the changing business environment.It is called independent guarantee or independent banking guarantee to distinguish itself from traditional forms of practice.The thesis defines independent guarantee and clarifies its quality and characteristics in order to properly use the independent guarantee to solve dispute.