Your data doesn't train Genie's AI
You keep IP ownership of your information
1. Parties: Identification of the financial institution (discounter) and the exporter (seller)
2. Background: Context of the agreement, including reference to the underlying export transaction and letter of credit
3. Definitions: Key terms used throughout the agreement including 'Letter of Credit', 'Discounting Rate', 'Documents', etc.
4. Scope of Discounting Facility: Details of the discounting facility including limits, eligible LCs, and basic terms
5. Discounting Process: Procedures for submission of LCs for discounting and execution of discounting
6. Pricing and Fees: Discounting rate calculation, fees, charges and payment terms
7. Conditions Precedent: Conditions that must be satisfied before discounting can occur
8. Representations and Warranties: Standard and specific representations by the exporter regarding their business and the underlying transaction
9. Covenants: Ongoing obligations of the exporter during the facility period
10. Documentation Requirements: Required documents for discounting and their format
11. Payment and Settlement: Process for payments, settlements and handling of proceeds
12. Events of Default: Circumstances constituting default and consequences
13. Indemnification: Exporter's obligations to indemnify the financial institution
14. Governing Law and Jurisdiction: Applicable law and courts having jurisdiction
15. Notices: Process for giving notices under the agreement
16. Miscellaneous: Standard boilerplate provisions including amendments, assignments, and severability
1. Security Arrangements: Required when additional security or collateral is being provided for the facility
2. Insurance: Specific insurance requirements, needed when insurance is part of the risk mitigation strategy
3. Sanctions and Export Control Compliance: Detailed compliance requirements for transactions involving sensitive jurisdictions or goods
4. Foreign Exchange Provisions: Required when LC and settlement currencies are different
5. Syndication Rights: Included when the financial institution may want to syndicate the facility
6. Electronic Documentation: Specific provisions for electronic submission and processing of documents
7. Force Majeure: Detailed force majeure provisions, particularly relevant for international transactions
1. Schedule 1 - Facility Limits and Pricing: Detailed breakdown of facility limits, sub-limits, and pricing structure
2. Schedule 2 - Form of Discounting Request: Standard form for requesting discounting of an LC
3. Schedule 3 - Required Documents Checklist: Detailed list of required documents for each discounting request
4. Schedule 4 - Authorized Signatories: List of persons authorized to submit discounting requests and execute documents
5. Schedule 5 - Compliance Certificates: Forms of various compliance certificates required under the agreement
6. Appendix A - Standard Operating Procedures: Detailed procedures for submission, processing, and settlement of discounting requests
7. Appendix B - Fee Schedule: Detailed breakdown of all applicable fees and charges
Advising Bank
Applicable Rate
Banking Day
Beneficiary
Complying Presentation
Confirmation
Defaulting Party
Discounted Amount
Discounting Date
Discounting Facility
Discounting Period
Discounting Rate
Documentary Credit
Documents
Event of Default
Export Contract
Facility Limit
Fees
Force Majeure Event
Guarantor
Indebtedness
Issuing Bank
Letter of Credit
LC Documents
Material Adverse Effect
Maturity Date
Negotiating Bank
Payment Obligation
Presentation
Purchase Price
Receivables
Regulatory Requirements
Related Rights
Sanctions
Security Interest
Settlement Date
Sub-Limit
Transaction
UCP 600
Underlying Transaction
Facility Terms
Conditions Precedent
Pricing and Payment
Representations and Warranties
Documentation Requirements
Discounting Process
Payment Obligations
Security
Risk Allocation
Default
Termination
Force Majeure
Sanctions Compliance
Anti-Money Laundering
Confidentiality
Assignment and Transfer
Set-off
Notices
Amendment
Waiver
Severability
Entire Agreement
Counterparts
Electronic Execution
Governing Law
Dispute Resolution
Indemnification
Interest
Currency
Tax
Insurance
Record Keeping
Audit Rights
Bank Authority
Foreign Exchange
Communication Methods
Manufacturing
Agriculture and Food Products
Mining and Natural Resources
Automotive
Aerospace and Defense
Chemical and Pharmaceuticals
Technology and Electronics
Textile and Apparel
Heavy Equipment
Consumer Goods
Legal
Finance
Treasury
International Trade Operations
Risk Management
Compliance
Trade Finance
Credit Administration
Sales
Documentation
Trade Finance Manager
Export Finance Director
Chief Financial Officer
Treasury Manager
International Business Development Manager
Trade Operations Manager
Compliance Officer
Legal Counsel
Credit Risk Manager
Documentary Credits Specialist
Export Sales Manager
Finance Controller
Banking Relationship Manager
Find the exact document you need
Import Bill Under Lc
A Canadian-law governed agreement establishing terms and conditions for import transactions using Letters of Credit, defining rights and obligations of all parties involved in international trade transactions.
Standby Letter Of Credit Cost
A Canadian-compliant document detailing the complete fee structure and costs associated with issuing and maintaining a standby letter of credit.
Letter Of Credit Project (Finance)
A Canadian-law governed Letter of Credit facility agreement for project finance transactions, establishing terms, conditions, and security arrangements under federal and provincial regulations.
Lc Sight And Usance
A Canadian-law governed Letter of Credit document combining immediate (sight) and deferred (usance) payment options for international trade transactions.
Letter Of Credit Limit
A Canadian law-governed agreement establishing a bank facility for issuing letters of credit up to a specified limit, outlining terms, conditions, and compliance requirements.
Lc Invoice
A Canadian-compliant commercial invoice specifically formatted to support Letter of Credit requirements in international trade transactions, adhering to federal banking and trade regulations.
Irrevocable Unconfirmed Letter Of Credit
A Canadian-governed banking instrument providing irrevocable payment commitment in international trade, subject to document compliance and UCP 600 rules.
Lc Payment Terms In Export
Canadian-law governed Letter of Credit payment terms document specifying conditions and requirements for export transactions.
SBLC Dlc
A Canadian-law governed banking instrument providing payment security in international trade transactions, following both domestic and international banking standards.
Irrevocable Letter Of Credit Cost
A Canadian banking document detailing the costs and fees associated with an irrevocable letter of credit, governed by Canadian banking laws and UCP 600.
Cash Backed SBLC
Canadian law-governed agreement for a cash-backed Standby Letter of Credit, establishing terms, conditions, and obligations for all parties involved.
SBLC Transferable
A Canadian law-governed Transferable Standby Letter of Credit document that establishes terms for a transferable bank guarantee, incorporating federal banking and provincial securities regulations.
Export Lc Discounting
A Canadian law-governed agreement for discounting export letters of credit, enabling exporters to obtain immediate financing against their LC receivables.
SBLC Non Recourse Loan
Canadian law-governed non-recourse loan agreement secured by SBLC, establishing terms for limited-recourse financing with specific collateral provisions.
SBLC Trade Program
Canadian-law governed agreement establishing terms and conditions for a Standby Letter of Credit (SBLC) Trade Program, including issuance, maintenance, and drawing conditions.
Loan Against Lc
A Canadian-law governed agreement establishing a loan facility secured by a Letter of Credit, incorporating federal and provincial banking regulations.
Application For Letter Of Credit
A Canadian-compliant formal application document used to request a bank to issue a letter of credit for international trade transactions.
SBLC Buyers
A Canadian-law governed agreement establishing terms for SBLC issuance between a buyer and issuing bank, incorporating federal banking and provincial contract law requirements.
Transferring Bank In Lc
A Canadian-law governed agreement for transferring rights under a Letter of Credit from the first beneficiary to a second beneficiary, executed by a transferring bank.
Revolving SBLC
A Canadian-law governed Revolving Standby Letter of Credit providing a renewable guarantee facility, structured under federal banking regulations and international banking practices.
Payment Terms Dlc
Canadian-law governed payment terms document for Documentary Letter of Credit arrangements, detailing requirements and obligations for international trade transactions.
Non Transferable SBLC
A Canadian law-governed Non-Transferable Standby Letter of Credit providing payment guarantee from a bank to a beneficiary, with explicit prohibition on transfer or assignment.
Negotiation Bank In Lc
A Canadian-law governed Negotiation Bank Letter of Credit document establishing terms for secure international trade payment through bank negotiation.
Freely Negotiable Letter Of Credit
A Canadian-law governed, bank-issued payment guarantee document that provides security in trade transactions while allowing negotiation and transfer of payment rights.
Time Letter Of Credit
A Canadian-law governed bank-issued document guaranteeing payment to a seller at a specified future date upon presentation of compliant documents.
Straight Letter Of Credit
A Canadian-law governed banking instrument providing secure payment in international trade through bank-guaranteed payment upon presentation of compliant documents.
Non Operative Letter Of Credit
A Canadian-compliant banking instrument that provides a guaranteed payment commitment from a bank to a beneficiary upon meeting specified documentary conditions.
Letter Of Credit 90 Days
A Canadian-compliant banking instrument providing payment assurance in trade transactions, valid for 90 days, governed by federal banking laws and UCP 600.
Letter Of Credit 60 Days
A Canadian-law governed Letter of Credit providing a 60-day payment deferral period, issued by a bank as a secure payment mechanism for international trade transactions.
Letter Of Credit 30 Days
A Canadian-law governed Letter of Credit providing 30-day deferred payment terms, where a bank guarantees payment to a seller upon document compliance.
Irrevocable Confirmed Lc At Sight
A Canadian-compliant financial instrument providing guaranteed payment at sight in international trade, backed by both issuing and confirming banks under federal banking laws and UCP 600 rules.
Domestic Letter Of Credit
A Canadian bank-issued payment guarantee instrument for domestic transactions, governed by Canadian banking laws and regulations, providing payment security between domestic buyers and sellers.
Digital Letter Of Credit
A Canadian-compliant digital banking instrument that guarantees payment in international trade transactions, subject to electronic document presentation under Canadian law.
Unsecured Letter Of Credit
A Canadian-governed bank instrument providing payment guarantee to a seller without requiring security from the buyer, governed by Canadian banking laws and UCP 600.
Unconditional Letter Of Credit
A Canadian-law governed bank undertaking providing unconditional payment assurance to a beneficiary upon presentation of complying documents.
Transit Letter Of Credit
A Canadian-compliant banking instrument that guarantees payment for goods in transit, combining domestic banking regulations with international trade practices.
Synthetic Letter Of Credit
A Canadian-law governed financial instrument combining traditional letter of credit features with synthetic structures to provide enhanced flexibility in trade finance transactions.
Syndicated Letter Of Credit
Canadian law-governed agreement establishing terms for a multi-bank letter of credit facility with shared risk and commitment structures.
Surety Backed Letter Of Credit
A Canadian-law governed financial instrument combining a letter of credit with surety protection, providing enhanced security for complex commercial transactions.
Structured Letter Of Credit
A Canadian-law governed banking instrument providing secured payment commitment with structured terms for complex commercial transactions, following UCP 600 rules and Canadian banking regulations.
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)