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This thesis deals with the security instrument known as a bank guarantee which is becoming more popular nowadays not only in international trade, but also at the domestic level. The aim of the thesis is to introduce the topic of bank guarantees in the light of theoretical and then practical aspects. After the initial description of bank guarantees and putting forward various international uniform rules the thesis deals, in its second chapter, with different types of bank guarantees. The third chapter pays attention to support of export of the Czech Republic through bank guarantees and their insurance with state support. An important part of the thesis is also a comparison of claims resulting from authorised or unauthorised drawing on the guarantee.