A Bank To Bank LC agreement is essential for financial institutions engaging in international trade finance operations. This document, governed by Belgian law, establishes the legal and operational framework for banks to cooperate in Letter of Credit transactions. It's typically used when banks need to formalize their relationship for handling LCs, whether as issuing, advising, or confirming banks. The agreement incorporates critical elements such as operational procedures, risk allocation, fee structures, and compliance requirements, while adhering to Belgian banking regulations, EU financial laws, and international banking standards like UCP 600. It's particularly important for banks operating in Belgium's international trade finance sector, providing clarity on roles, responsibilities, and liabilities in LC transactions.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of the participating banks, including their full legal names, registration details, and authorized representatives
2. Background: Context of the agreement, including the banks' relationship and their intention to cooperate in LC transactions
3. Definitions: Definition of key terms used in the agreement, including technical banking terms and references to UCP 600 terminology
4. Scope of Agreement: Overview of the types of LC transactions covered and the general framework of cooperation
5. Roles and Responsibilities: Detailed description of each bank's duties in LC transactions, including issuing, advising, and confirming roles
6. Operating Procedures: Standard procedures for LC issuance, amendment, examination of documents, and payment
7. Communications: Protocols for secure communication between banks, including SWIFT messaging requirements
8. Fees and Charges: Structure and calculation of fees, commissions, and charges between the banks
9. Risk Allocation: Distribution of risks and responsibilities between the banks
10. Compliance Requirements: Obligations regarding AML, sanctions screening, and other regulatory requirements
11. Representations and Warranties: Standard banking representations and regulatory compliance warranties
12. Term and Termination: Duration of the agreement and circumstances for termination
13. Governing Law and Jurisdiction: Application of Belgian law and jurisdiction for dispute resolution
1. Confirmation Facilities: Terms for LC confirmation services, included when one bank will act as confirming bank
2. Electronic Presentation: Procedures for electronic presentation of documents, included if banks agree to accept electronic documents
3. Silent Confirmation: Terms for silent confirmation arrangements, included if such service will be offered
4. Syndication: Procedures for syndicated LCs, included if banks will participate in syndicated arrangements
5. Back-to-Back LCs: Special provisions for back-to-back LC arrangements, included if such transactions are contemplated
6. Force Majeure: Extended force majeure provisions, included for agreements with banks in politically volatile regions
7. Transfer of LCs: Procedures for transferable LCs, included if transfer services will be offered
1. Schedule 1 - Fee Schedule: Detailed breakdown of all fees, commissions, and charges
2. Schedule 2 - Operating Procedures: Detailed operational procedures, including document checking requirements and timeframes
3. Schedule 3 - Authorized Persons: List of authorized signatories and their specimen signatures
4. Schedule 4 - Communication Protocols: Technical specifications for secure communications and SWIFT messaging
5. Schedule 5 - Compliance Requirements: Detailed AML and regulatory compliance procedures
6. Appendix A - Standard Forms: Templates for common LC-related documents and instructions
7. Appendix B - Technical Requirements: Technical specifications for electronic systems and security protocols
Find the exact document you need
Trade Lc
A Belgian law-governed Trade Letter of Credit that provides payment security in international trade transactions, combining local Belgian banking regulations with international standards.
Download
Irrevocable Lc At Sight
An irrevocable payment guarantee document under Belgian law, ensuring secure international trade transactions through bank-mediated payment upon document presentation.
Download
Notice Of Credit
A Belgian-law compliant formal notification document informing a recipient of a credit being issued to their account, meeting all local accounting and VAT requirements.
Download
Letter Of Credit Project (Finance)
A Belgian law-governed Letter of Credit document establishing terms and conditions for secured international trade payments, compliant with Belgian and EU banking regulations.
Download
Letter Of Credit For Services
A Belgian-law governed banking instrument that provides payment security for service-based transactions, combining local jurisdiction requirements with international banking practices.
Download
Standby Guarantee
A Belgian law-governed financial instrument where a bank provides an irrevocable payment undertaking to a beneficiary upon demand, subject to specified conditions.
Download
Application For Letter Of Credit
A Belgian-law governed application form requesting a bank to issue a letter of credit for international trade transactions, following UCP 600 rules and Belgian banking regulations.
Download
Negotiation Bank In Lc
Belgian law-governed agreement setting out terms for letter of credit negotiation services between a negotiating bank and beneficiaries, incorporating UCP 600 and EU banking regulations.
Download
Straight Letter Of Credit
A Belgian law-governed banking instrument that provides payment security in international trade through an irrevocable undertaking by a bank to pay against compliant documents.
Download
Recourse Letter Of Credit
A Belgian law-governed banking instrument providing payment undertaking to a beneficiary while maintaining recourse rights against the applicant, commonly used in international trade finance.
Download
Non Operative Letter Of Credit
A Belgian-law governed banking instrument that provides payment security in international trade transactions, subject to specified conditions and documentation requirements.
Download
Letter Of Credit 30 Days
A Belgian law-governed Letter of Credit providing 30-day payment terms for international trade transactions, combining UCP 600 rules with EU and Belgian banking regulations.
Download
Installment Letter Of Credit
A Belgian law-governed banking instrument that facilitates secured international trade payments through predetermined installments, combining local legal requirements with international banking practices.
Download
Import Documentary Letter Of Credit
A Belgian-law governed banking instrument that provides payment security in international trade transactions through documentary credit arrangements.
Download
Domestic Letter Of Credit
A Belgian-law governed banking instrument that provides payment guarantee for domestic trade transactions within Belgium, issued by a Belgian bank to secure payment between domestic parties.
Download
Discrepancy Letter Of Credit
A Belgian law-governed formal notification detailing discrepancies in documents presented under a letter of credit, including the bank's decision and required corrective actions.
Download
Beneficiary In Letter Of Credit
A Belgian law-governed document confirming a beneficiary's rights and obligations in a Letter of Credit transaction, incorporating both local and international banking regulations.
Download
Bank To Bank Lc
Belgian law-governed agreement between banks establishing framework for Letter of Credit operations, incorporating Belgian and EU banking regulations.
Download
Bank Guarantee And Letter Of Credit
Belgian law-governed Bank Guarantee and Letter of Credit template for international trade and commercial transactions, compliant with Belgian financial regulations and EU banking laws.
Download
Synthetic Letter Of Credit
Belgian law-governed Synthetic Letter of Credit document establishing a derivative structure that replicates a traditional LC's economic effects.
Download
Syndicated Letter Of Credit
A Belgian law-governed agreement establishing a multi-bank letter of credit facility, defining relationships between syndicate members and operational procedures under Belgian and EU regulatory framework.
Download
Structured Letter Of Credit
A Belgian law-governed banking instrument providing secured payment commitment in international trade, structured with specific terms and conditions under UCP 600 rules.
Download
Revolving Letter Of Credit
A Belgian law-governed banking instrument that automatically reinstates credit facilities for multiple trade transactions, combining UCP 600 principles with Belgian commercial law requirements.
Download
Letter Of Credit Verbiage
A Belgian law-governed Letter of Credit document that outlines bank payment guarantees and conditions in international trade transactions, incorporating Belgian and EU banking regulations.
Download
Letter Of Credit Negotiable Instrument
A Belgian law-governed banking instrument that provides a secure payment guarantee in international trade, combining local legislation with international banking practices.
Download
Letter Of Credit Facility
A Belgian law-governed agreement establishing terms for issuing Letters of Credit, detailing facility limits, conditions, and operational procedures in accordance with Belgian and EU regulations.
Download
Letter Of Credit Amendment
A Belgian-law governed document that modifies the terms of an existing Letter of Credit, complying with Belgian banking regulations and international trade practices.
Download
Lease Letter Of Credit
A Belgian law-governed bank instrument providing security for lease obligations, combining standard Letter of Credit features with specific lease-related requirements.
Download
Irrevocable Revolving Letter Of Credit
A Belgian law-governed banking instrument providing automated recurring payment guarantees in international trade, combining local jurisdiction requirements with international banking standards.
Download
Interest On Letter Of Credit
A Belgian law-governed document specifying interest terms and calculation methodology for Letter of Credit facilities, compliant with local financial regulations and international banking standards.
Download
Fronting Letter Of Credit
A Belgian law-governed letter of credit document where a fronting bank issues credit on behalf of another financial institution, detailing parties' obligations and operational procedures.
Download
Electronic Letter Of Credit
A Belgian law-governed electronic letter of credit facilitating secure international trade payments through digital documentation.
Download
Divisible Letter Of Credit
A Belgian law-governed Letter of Credit that can be divided into multiple drawings, combining international trade finance practices with Belgian financial regulations.
Download
Direct Letter Of Credit
A Belgian law-governed financial instrument issued by a bank guaranteeing payment in international trade transactions, subject to specified documentary conditions.
Download
Credit Commitment Letter
A Belgian law-governed formal commitment from a financial institution outlining terms and conditions for providing credit facilities to a borrower.
Download
Credit Note Letter
A Belgian-law compliant financial document used to correct or adjust a previously issued invoice, including required VAT and accounting elements.
Download
Commercial Letter Of Credit
A Belgian law-governed bank guarantee document that ensures secure payment in international trade transactions, subject to presentation of compliant documents.
Download
Cash Collateral Letter Of Credit
A Belgian law-governed document establishing terms for a letter of credit secured by cash collateral, detailing collateral requirements and drawing conditions.
Download
Cancellation Of Letter Of Credit
A Belgian law-governed document for formally cancelling an existing Letter of Credit, aligned with UCP 600 and EU banking regulations.
Download
Bond Letter Of Credit
A Belgian law-governed banking instrument providing payment security through an irrevocable commitment from a bank to pay against compliant documentation.
Download
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)