The interest in the guarantee gives the guarantee to the creditor, who is more likely to provide urgent funds to a given debtor. In addition, the debtor is more likely to benefit from a low interest rate if the creditor has some form of collateral. Security agreements play a central role in this agreement by outlining the conditions under which debts can be secured and what happens when the debtor is late. Under Dutch (Dutch) law, the Dutch Civil Code describes the guarantee as an agreement by which a third party undertakes vis-à-vis a contractual creditor to fulfil the contractual obligations of a debtor. Such a contract of guarantee is concluded between the guarantor and the creditor. .