The Commercial Standby Letter of Credit is a crucial financial instrument used in international trade and commercial transactions, providing payment security to beneficiaries in case of default or non-performance by the applicant. Under Swiss law, these instruments benefit from Switzerland's sophisticated banking system and strong legal framework, making them particularly attractive for international transactions. The document typically includes detailed information about the parties involved, the trigger conditions for payment, required documentation, and specific terms regarding presentation and payment. Commercial Standby Letters of Credit are commonly used in various commercial contexts, including performance security, advance payment guarantee, or financial obligation support. The Swiss jurisdiction offers additional security due to its stable legal system and well-regulated banking sector, while the document's structure follows international banking standards adapted to Swiss legal requirements.

1. Issuing Bank Details: Complete name, address, and reference numbers of the issuing bank

2. Date and Place of Issuance: Specific date and location where the letter of credit is issued

3. Letter of Credit Number: Unique reference number assigned to this standby letter of credit

4. Beneficiary Details: Full name and address of the party in whose favor the letter of credit is issued

5. Applicant Details: Full name and address of the party requesting the letter of credit

6. Currency and Amount: Specification of the currency and maximum amount available under the letter of credit

7. Expiry Details: Date and place of expiry of the letter of credit

8. Form of Presentation: Specification of how and where documents should be presented

9. Drawing Terms: Conditions and required documents for drawing under the letter of credit

10. Partial Drawings: Statement whether partial drawings are allowed or prohibited

11. Transferability: Statement whether the letter of credit is transferable

12. Governing Law and Rules: Reference to Swiss law and applicable rules (such as ISP98 or UCP 600)

13. Bank's Undertaking: Formal commitment statement from the issuing bank