Digital Letter Of Credit Template for Austria

1. Transferability Clause: Include when the Letter of Credit needs to be transferable to another beneficiary

2. Revolving Credit Terms: Include when the Letter of Credit is revolving rather than single-use

3. Red Clause Provisions: Include when advance payment features are required

4. Back-to-Back Arrangements: Include when the Letter of Credit is part of a back-to-back arrangement

5. Force Majeure for Digital Systems: Include specific provisions for system failures or cyber incidents

6. Multiple Currency Provisions: Include when payments can be made in multiple currencies

7. Confirmation Instructions: Include when confirmation by another bank is required

1. Schedule A - Technical Requirements: Detailed specifications for electronic document submission, including file formats, encryption requirements, and digital signature standards

2. Schedule B - Authorized Digital Platforms: List of approved electronic platforms or systems for document presentation

3. Schedule C - Document Checking Guidelines: Specific criteria for electronic document examination and compliance checking

4. Appendix 1 - Security Protocols: Detailed security measures and protocols for digital transactions

5. Appendix 2 - Contact Matrix: List of technical and operational contacts for digital platform support

6. Appendix 3 - Required Document Formats: Templates and format specifications for each required document