In guarantee module you can manage different types of trade finance instruments. Before you start to enter any guarantee agreements in you must have created the relevant Entity, Counterparty, Portfolio, Cost Center, Bank Accounts and guarantee instrument types to proceed with creating agreements. There is separate document for each of these here in user guide.
It is good to remember that you have the possibility that system starts to send you notifications when an agreement is about to expire. To have these notifications you must go under your own user rights and then specify there that from which modules and how many days prior you want the messages to come into your email. The system will read "End date" for this notification.
When agreement expires it goes to archive.