What happens if our Bank garantee expires and we fail in renewing it?

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TitleWhat happens if our Bank garantee expires and we fail in renewing it?
Summary
URL NameWhat-happens-if-our-Bank-garantee-expires-and-we-fail-in-renewing-it-1415811095322
CS Portal linkhttps://portal.iata.org/faq/s/article/What-happens-if-our-Bank-garantee-expires-and-we-fail-in-renewing-it-1415811095322
Answer
If an Agent's Bank Guarantee expires and the Agent fails to renew it by the deadline, the Agent no longer meets the resolution 818G / 800F as the agent will not have a valid finanical security. IATA may suspend the Agency from BSP/CASS until a new Bank guarantee is submitted and financial standing of the Agency is again satisfactory.
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