Digital Letters of Credit are increasingly important in modern international trade, providing a secure electronic alternative to traditional paper-based Letters of Credit. This document is used when parties require a bank's guarantee of payment in cross-border transactions while leveraging digital technologies for faster, more efficient processing. The Digital Letter of Credit combines the security of traditional LCs with the efficiency of electronic processing, operating under Malaysian law, particularly the Financial Services Act 2013 and Electronic Commerce Act 2006. It includes specific provisions for digital authentication, electronic document presentation, and cybersecurity measures, while maintaining compliance with international banking standards such as UCP 600. This instrument is particularly valuable for businesses engaged in international trade who seek to reduce processing time and paper-based documentation while maintaining the security of their transactions.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Issuing Bank Details: Complete details of the issuing bank including digital banking credentials and authorization codes
2. Beneficiary Information: Full details of the beneficiary including their digital banking information and verification credentials
3. Applicant Information: Complete details of the applicant (buyer) including their digital banking credentials
4. LC Number and Digital Tracking ID: Unique identification numbers for both traditional and digital tracking purposes
5. Currency and Amount: Specified currency and amount in both numbers and words
6. Expiry Date and Place: Clear specification of expiry date, time zone, and digital platform for presentation
7. Form of Presentation: Specification of acceptable digital document formats and electronic presentation methods
8. Digital Authentication Requirements: Required digital signatures, certificates, and verification protocols
9. Description of Goods/Services: Detailed description of the underlying transaction
10. Document Requirements: List of required digital documents and their acceptable formats
11. Payment Terms: Specific conditions and timing of payment, including digital processing details
12. Governing Law and Jurisdiction: Specification of Malaysian law and relevant digital commerce regulations
1. Transferability Conditions: Include when the LC needs to be transferable to a second beneficiary
2. Back-to-Back Provisions: Include when the LC may be used as collateral for another LC
3. Confirmation Instructions: Include when confirmation by another bank is required
4. Revolving Terms: Include for revolving LCs that automatically renew
5. Red Clause Provisions: Include when advance payment features are required
6. Green Clause Provisions: Include when storage-related advance payment is needed
7. Blockchain Integration Details: Include when the LC is to be integrated with blockchain platforms
8. API Integration Specifications: Include when the LC needs to integrate with specific trading or banking platforms
1. Schedule A - Digital Communication Protocols: Detailed specifications for digital communication, including API endpoints and authentication methods
2. Schedule B - Required Document Formats: Technical specifications for acceptable digital document formats and standards
3. Schedule C - Digital Signature Requirements: Specific requirements for digital signatures, including acceptable certification authorities
4. Appendix 1 - UCP 600 eRules Integration: Specific provisions relating to electronic presentation under UCP 600
5. Appendix 2 - Security Protocols: Detailed security requirements and procedures for digital transactions
6. Appendix 3 - Contingency Procedures: Procedures to follow in case of digital system failures or security breaches
Relevant legal definitions
Advising Bank
Applicant
Authentication Code
Beneficiary
Confirmation
Digital Certificate
Digital Platform
Digital Presentation
Digital Signature
Electronic Document
Electronic Record
Expiry Date
Governing Law
Issuing Bank
Letter of Credit
Negotiating Bank
Payment Terms
Presentation Period
Reimbursing Bank
Security Protocol
Smart Contract
Time Stamp
UCP 600
Verification Process
Applicant
Authentication Code
Beneficiary
Confirmation
Digital Certificate
Digital Platform
Digital Presentation
Digital Signature
Electronic Document
Electronic Record
Expiry Date
Governing Law
Issuing Bank
Letter of Credit
Negotiating Bank
Payment Terms
Presentation Period
Reimbursing Bank
Security Protocol
Smart Contract
Time Stamp
UCP 600
Verification Process
Clauses
Issuance
Digital Authentication
Payment Terms
Document Requirements
Electronic Presentation
Expiry and Validity
Force Majeure
Cybersecurity
Data Protection
Digital Signatures
Compliance
Amendments
Confirmation
Transferability
Dispute Resolution
Governing Law
System Requirements
Technical Standards
Communication Protocols
Liability
Confidentiality
Digital Platform Access
Security Protocols
Document Verification
Digital Authentication
Payment Terms
Document Requirements
Electronic Presentation
Expiry and Validity
Force Majeure
Cybersecurity
Data Protection
Digital Signatures
Compliance
Amendments
Confirmation
Transferability
Dispute Resolution
Governing Law
System Requirements
Technical Standards
Communication Protocols
Liability
Confidentiality
Digital Platform Access
Security Protocols
Document Verification
Relevant Industries
Banking & Financial Services
International Trade
E-commerce
Manufacturing
Commodities Trading
Technology & Digital Services
Shipping & Logistics
Import/Export
Agricultural Trade
Energy & Resources
Relevant Teams
Trade Finance
International Banking
Digital Banking
Treasury
Legal & Compliance
Risk Management
Operations
Documentary Credits
Financial Technology
International Trade
Banking Operations
Relevant Roles
Trade Finance Manager
International Banking Officer
Digital Banking Specialist
Chief Financial Officer
Treasury Manager
Import/Export Manager
Trade Operations Officer
Compliance Officer
Digital Transformation Director
Risk Management Officer
Documentary Credits Specialist
Financial Technology Officer
International Trade Specialist
Banking Operations Manager
Letters of Credit Administrator
Find the exact document you need
Credit Note Letter To Customer
A Malaysian-compliant business document that formally acknowledges a reduction in a customer's payment obligation to a company, typically issued to correct billing errors or process returns.
find out more
Letter Of Credit Rates
A Malaysian banking document outlining the fee structure and commission rates for Letter of Credit services, governed by Malaysian financial regulations and banking laws.
find out more
Credit Limit Approval Letter To Customer
A Malaysian-compliant formal letter from a financial institution approving and establishing terms for a customer's credit facility.
find out more
Credit Application Request Letter
A formal letter requesting credit facilities from a Malaysian financial institution, complying with local banking regulations and requirements.
find out more
Letter Of Credit Limit
A Malaysian law-governed banking facility document establishing terms for issuing Letters of Credit up to an approved limit.
find out more
SBLC As Collateral
Malaysian law-governed agreement establishing terms for using a Standby Letter of Credit as collateral security, incorporating local banking regulations and international practices.
find out more
Lc Invoice
A specialized commercial invoice document used in Letter of Credit transactions under Malaysian law, combining standard invoice elements with specific LC requirements for international trade.
find out more
Cash Letter Credit
A Malaysian-law governed banking instrument representing an irrevocable payment commitment from a bank to a beneficiary, subject to document compliance.
find out more
Marginal Deposit On Letter Of Credit
A Malaysian law-governed agreement establishing terms for a marginal deposit as security for a Letter of Credit facility, complying with local banking regulations and facilitating international trade financing.
find out more
Lc Agreement
A Malaysian law-governed agreement establishing terms and conditions for Letter of Credit issuance and management, complying with local banking regulations and international standards.
find out more
Lc Export Import
A Malaysian-compliant Letter of Credit document that facilitates secure international trade payments, governed by local banking laws and UCP 600.
find out more
SBLC For Buyers Credit
A Malaysian law-governed bank guarantee instrument supporting buyer's credit facilities in commercial transactions, providing payment security to creditors.
find out more
Letter Of Credit Collection
A Malaysian-compliant banking instruction document for international trade payment collection through Letter of Credit, governed by local financial regulations and international banking standards.
find out more
180 Days Usance Lc
A Malaysian law-governed Letter of Credit providing 180-day deferred payment terms for international trade transactions, combining local regulatory requirements with international banking practices.
find out more
Letter Of Credit Risk
A Malaysian jurisdiction risk assessment and management framework for Letter of Credit transactions, covering both conventional and Islamic banking requirements.
find out more
Letter Of Credit Fraud
A Malaysian law-governed document addressing letter of credit fraud in international trade, incorporating local banking regulations and international banking practices.
find out more
Letter Of Credit Amount
A Malaysian banking document specifying the amount and terms of a letter of credit, governed by Bank Negara Malaysia regulations and international UCP 600 guidelines.
find out more
Credit Facility Offer Letter
A Malaysian-compliant formal letter from a financial institution offering credit facilities to a borrower, detailing key terms and conditions under Malaysian banking regulations.
find out more
Cash Collateralized Letter Of Credit
Malaysian law-governed agreement for a cash-backed letter of credit facility, establishing terms between bank, applicant, and beneficiary.
find out more
SBLC At Sight
A Malaysian-law governed Standby Letter of Credit that provides immediate payment guarantee upon presentation of compliant documents.
find out more
Usance Lc Discounting
Malaysian law-governed agreement for discounting of Usance Letters of Credit between financial institutions and beneficiaries.
find out more
Revolving SBLC
A Malaysian law-governed revolving standby letter of credit agreement establishing terms for an automatically renewable financial guarantee facility.
find out more
Payment Terms Dlc
Malaysian-law governed payment terms document for Documentary Letter of Credit transactions, establishing secure international trade payment conditions.
find out more
Non Transferable SBLC
A Malaysian law-governed Non-Transferable Standby Letter of Credit that provides payment guarantee to a specific beneficiary, with explicit prohibition on transfer or assignment.
find out more
Non Operative SBLC
A Malaysian-law governed standby letter of credit serving as a bank guarantee for payment or performance obligations, subject to Malaysian banking regulations.
find out more
Negotiable Lc
A Malaysian law-governed banking instrument that provides payment security in international trade through a negotiable letter of credit structure.
find out more
Mixed Payment Lc
A Malaysian-compliant financial instrument that combines multiple payment methods in a Letter of Credit for international trade transactions.
find out more
Irrevocable Non Transferable Letter Of Credit
A Malaysian law-governed banking instrument that provides an irrevocable and non-transferable payment guarantee in international trade, subject to document compliance.
find out more
Direct Pay Standby Letter Of Credit
A Malaysian law-governed standby letter of credit providing payment security through an irrevocable bank undertaking, subject to document compliance.
find out more
Credit Card Clearance Letter
A Malaysian banking document confirming complete settlement and closure of a credit card account, issued by the card-issuing bank.
find out more
Freely Negotiable Letter Of Credit
A Malaysian-governed banking instrument that provides payment assurance in international trade, allowing negotiation at any bank worldwide.
find out more
Transferable Lc At Sight
A Malaysian-compliant financial instrument allowing transfer of letter of credit rights to second beneficiaries with payment at sight, governed by UCP 600 and local banking regulations.
find out more
Straight Letter Of Credit
A Malaysian law-governed banking instrument providing direct, irrevocable payment commitment in international trade transactions.
find out more
Small Business Letter Of Credit
A Malaysian-law governed Letter of Credit document tailored for small business transactions, providing payment security in international trade.
find out more
Secured Letter Of Credit
A Malaysian law-governed financial instrument combining a traditional letter of credit with security arrangements, providing enhanced protection for the issuing bank through collateral requirements.
find out more
Red Letter Of Credit
A Malaysian-governed banking instrument that provides payment security in international trade transactions, subject to Malaysian banking regulations and UCP 600.
find out more
Loan Facility Letter
A Malaysian law-governed document issued by financial institutions outlining approved loan facility terms and conditions, compliant with local banking regulations and Financial Services Act 2013.
find out more
Non Operative Letter Of Credit
A Malaysian law-governed banking instrument that provides conditional payment guarantee in international trade, pending activation upon fulfillment of specified conditions.
find out more
Letter Of Credit 90 Days
A Malaysian law-governed trade finance instrument providing 90-day deferred payment terms with bank-guaranteed security for international trade transactions.
find out more
Letter Of Credit 60 Days
A Malaysian-law governed Letter of Credit providing 60-day deferred payment terms for international trade transactions, regulated under local banking laws and UCP 600.
find out more
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)