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1. Parties: Identification of all parties: the Bank (issuer), the Applicant (who provides the cash backing), and the Beneficiary
2. Background: Context of the transaction, purpose of the SBLC, and reference to the underlying commercial relationship
3. Definitions: Definitions of key terms used throughout the document
4. SBLC Terms: Core terms of the SBLC including amount, validity period, and conditions for drawing
5. Cash Collateral Arrangements: Details of the cash backing, including amount, account details, and maintenance requirements
6. Drawing Requirements: Specific conditions and documentation required for drawing under the SBLC
7. Bank's Rights and Obligations: Detailed outline of the issuing bank's rights, responsibilities, and limitations
8. Fees and Charges: All applicable fees, charges, and commission structures
9. Representations and Warranties: Standard representations and warranties from all parties
10. Events of Default: Circumstances constituting default and consequent remedies
11. Governing Law and Jurisdiction: Specification of applicable law and jurisdiction for disputes
1. Counter-Indemnity: Required when there are additional parties providing indemnity beyond the cash collateral
2. Currency Provisions: Needed for cross-border transactions involving multiple currencies
3. Tax Provisions: Required when there are specific tax implications or withholding requirements
4. Assignment: Include when transfer or assignment rights need to be explicitly addressed
5. Anti-Money Laundering Compliance: Detailed AML provisions when required by specific jurisdictions or transaction types
6. Force Majeure: Specific force majeure provisions beyond standard terms, particularly relevant for international transactions
1. Form of SBLC: The actual format and text of the SBLC to be issued
2. Fee Schedule: Detailed breakdown of all fees, charges, and commission structures
3. Drawing Documents: Templates of required documents for drawing under the SBLC
4. Cash Collateral Account Details: Specific banking details and requirements for the cash collateral account
5. Specimen Signatures: Authorized signatures for all relevant parties
6. Compliance Documents: Required KYC and compliance documentation checklist
Advance Payment
Affiliate
Applicable Law
Applicant
Authorization
Banking Day
Beneficiary
Business Day
Cash Collateral
Cash Collateral Account
Charged Assets
Claim
Compliance Requirements
Confidential Information
Default Interest
Drawing
Drawing Documents
Effective Date
Event of Default
Expiry Date
Face Value
Fee Letter
Force Majeure Event
Guarantee
ICC
ISBLP
Issuing Bank
Letter of Credit
Losses
Material Adverse Effect
Minimum Cash Collateral Amount
Notice of Drawing
Parties
Permitted Drawing
Presentation
Regulatory Requirements
Related Rights
Relevant Jurisdiction
Security Interest
SBLC Amount
SBLC Documents
Secured Obligations
Security Period
Specified Currency
Tax
Transaction Documents
UCP 600
Underlying Transaction
Cash Collateral
Security Interest
Drawing Rights
Fees and Payments
Representations and Warranties
Covenants
Events of Default
Remedies
Bank Rights
Indemnification
Set-off
Assignment and Transfer
Notices
Amendments
Governing Law
Jurisdiction
Dispute Resolution
Force Majeure
Confidentiality
Anti-Money Laundering
Sanctions Compliance
Tax
Currency Provisions
Account Operation
termination
Severability
Entire Agreement
Counterparts
Waiver
Further Assurance
Banking and Financial Services
International Trade
Import/Export
Manufacturing
Construction
Energy
Infrastructure
Real Estate
Telecommunications
Mining
Oil and Gas
Legal
Finance
Treasury
Trade Finance
Risk Management
Compliance
International Banking
Corporate Banking
Commercial Banking
Credit Administration
Trade Finance Manager
Chief Financial Officer
Treasury Manager
Financial Controller
Credit Risk Manager
Commercial Banking Officer
Documentary Credits Specialist
International Trade Specialist
Legal Counsel
Compliance Officer
Banking Relationship Manager
Corporate Finance Director
Project Finance Manager
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