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1. Parties: Identification of all parties involved in the transaction, including the issuing bank, beneficiary, and applicant
2. Background: Context of the transaction, relationship between parties, and purpose of the Letter of Credit or Banker's Acceptance
3. Definitions: Detailed definitions of technical terms, financial concepts, and other relevant terminology used in the document
4. Facility Details: Specific details of the credit facility, including amount, currency, and type (sight, deferred payment, acceptance, etc.)
5. Terms and Conditions: Core conditions governing the facility, including expiry date, place of expiry, and presentation requirements
6. Documentation Requirements: Specific documents required for presentation and their characteristics
7. Payment Terms: Details of payment mechanisms, timing, and conditions for payment
8. Bank's Rights and Obligations: Detailed outline of the issuing bank's responsibilities and rights under the facility
9. Applicant's Undertakings: Commitments and obligations of the applicant, including reimbursement obligations
10. Fees and Charges: Comprehensive breakdown of all applicable fees, charges, and commission
11. Default Events: Circumstances constituting default and consequences thereof
12. Governing Law and Jurisdiction: Specification of applicable law and jurisdiction for dispute resolution
1. Security Arrangements: Include when additional security or collateral is required for the facility
2. Counter-Indemnity: Include when the applicant provides specific indemnity to the issuing bank
3. Transferability Provisions: Include when the Letter of Credit needs to be transferable
4. Confirmation Arrangements: Include when a confirming bank is involved in the transaction
5. Special Instructions: Include when there are specific handling or processing requirements
6. Force Majeure: Include when specific force majeure provisions are required beyond standard terms
7. Anti-Money Laundering Compliance: Include when enhanced AML provisions are required
8. Sanctions Compliance: Include when transactions involve parties from sanctioned countries or require specific compliance measures
1. Schedule 1 - Facility Particulars: Detailed breakdown of the facility terms, amounts, and pricing
2. Schedule 2 - Form of Drawing Request: Standard format for requesting drawings under the facility
3. Schedule 3 - Required Documents: Comprehensive list of required documents and their specifications
4. Schedule 4 - Fee Schedule: Detailed breakdown of all fees, charges, and commission rates
5. Appendix A - Standard Forms: Collection of standard forms used in the facility operations
6. Appendix B - Specimen Signatures: Authorized signatures for all relevant parties
7. Appendix C - UCP 600 Exceptions: List of any exceptions to UCP 600 rules applicable to this facility
Advising Bank
Applicant
Banking Day
Banker's Acceptance
Beneficiary
Bill of Exchange
Business Day
Confirmation
Confirming Bank
Credit
Default Event
Documents
Draft
Drawing
Expiry Date
Facility
Facility Limit
Force Majeure
Governing Law
Interest Rate
Issue Date
Issuing Bank
Letter of Credit
Maturity Date
Negotiating Bank
Nominated Bank
Presentation
Reimbursing Bank
Security
Sight Payment
Tenor
Trade Documents
UCP 600
Underlying Transaction
Usance
Utilization
Amendment
Applicable Rate
Authority
Bank Charges
Complying Presentation
Default Interest
Discounting
Documentary Credit
Event of Default
Facility Agreement
Foreign Exchange Rate
Incoterms
Margin
Payment Undertaking
Sanctions
SWIFT
Term
Transaction Documents
Credit Limit
Payment Terms
Documentary Requirements
Bank Obligations
Applicant Obligations
Beneficiary Rights
Fees and Charges
Security
Default Events
Force Majeure
Representations and Warranties
Indemnification
Assignment and Transfer
Amendments
Notice Requirements
Confidentiality
Anti-Money Laundering
Sanctions Compliance
Dispute Resolution
Governing Law
Jurisdiction
Termination
Counter-Indemnity
Bank Instructions
Document Examination
Payment Mechanisms
Currency Provisions
Tax Provisions
Communication Methods
Liability Limitations
Confirmation Requirements
Document Presentation
Reimbursement Obligations
Interest and Penalties
Regulatory Compliance
Banking and Financial Services
International Trade
Import/Export
Manufacturing
Wholesale Trade
Retail Trade
Commodities Trading
Shipping and Logistics
Agriculture
Mining and Resources
Legal
Trade Finance
International Banking
Risk Management
Compliance
Treasury
Operations
Credit Administration
Documentary Credits
Commercial Banking
Trade Finance Manager
Credit Officer
International Banking Officer
Trade Operations Manager
Documentary Credits Specialist
Compliance Officer
Legal Counsel
Risk Manager
Treasury Manager
Commercial Banking Manager
Import/Export Manager
Chief Financial Officer
Banking Relationship Manager
Trade Finance Analyst
Documentary Collections Officer
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