Letter Of Credit Facility Agreement Template for Switzerland

1. Parties: Identification of the bank/financial institution and the customer/applicant

2. Background: Context of the agreement and relationship between the parties

3. Definitions: Key terms used throughout the agreement

4. Facility: Details of the LC facility including type, amount, and purpose

5. Conditions Precedent: Conditions that must be satisfied before the facility becomes available

6. Utilization: Process and requirements for utilizing the LC facility

7. Fees and Commissions: All applicable fees, charges, and commission structures

8. Payment Terms: Terms for reimbursement of LC payments and settlement of fees

9. Security: Required security, collateral, or cash margin requirements

10. Representations and Warranties: Standard declarations made by the customer regarding their business and capacity

11. Covenants: Ongoing obligations of the customer during the facility period

12. Events of Default: Circumstances that constitute default and their consequences

13. Termination: Conditions and process for terminating the facility

14. Governing Law and Jurisdiction: Specification of Swiss law as governing law and jurisdiction details

1. Facility Limits and Sub-limits: Detailed breakdown of facility limits by type and currency

2. Fee Schedule: Comprehensive list of all applicable fees and charges

3. Form of Utilization Request: Standard form for requesting LC issuance

4. Security Documents: List and copies of required security documents

5. Conditions Precedent Documents: Checklist of required documents

6. Authorized Signatories: List of persons authorized to request LCs

7. Standard LC Formats: Pre-approved formats for different types of LCs

8. Compliance Documents: Required regulatory and compliance forms