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1. Letter Reference and Date: Unique reference number and date of issuance
2. Issuing Bank Details: Complete details of the bank issuing the synthetic letter of credit
3. Beneficiary Details: Full name and address of the beneficiary
4. Applicant Details: Full name and address of the applicant
5. Credit Amount and Currency: Specification of the maximum amount and currency of the synthetic letter of credit
6. Form of Credit: Specification that this is a synthetic/funded letter of credit and its basic structure
7. Availability and Expiry: Terms of when and how the credit is available and its expiry date
8. Payment Terms: Detailed payment mechanisms, including trigger events and settlement process
9. Required Documents: List of documents required for drawing under the synthetic letter of credit
10. Special Conditions: Any special terms or conditions specific to this synthetic structure
11. Governing Law Statement: Clear statement that Dutch law governs the synthetic letter of credit
1. Transfer Provisions: Include when the synthetic letter of credit needs to be transferable
2. Collateral Arrangements: Include when specific collateral is required to support the synthetic structure
3. Credit Default Swap Terms: Include when the synthetic structure involves credit default swap elements
4. Revolving Provisions: Include when the synthetic letter of credit is revolving
5. Syndication Terms: Include when multiple banks are involved in the synthetic structure
6. Force Majeure Provisions: Include when specific force majeure terms are required beyond standard provisions
1. Schedule 1 - Funding Arrangements: Details of the synthetic funding structure and mechanisms
2. Schedule 2 - Form of Drawing Request: Standard format for making drawings under the synthetic letter of credit
3. Schedule 3 - Pricing Schedule: Detailed pricing terms, fees, and calculation methodologies
4. Schedule 4 - Required Documents: Detailed specifications for all required documents
5. Appendix A - Standard Terms and Conditions: General terms and conditions applicable to synthetic letters of credit
6. Appendix B - Collateral Terms: Detailed terms regarding any collateral arrangements
7. Appendix C - Notice Forms: Standard forms for various notices under the synthetic letter of credit
Advance Rate
Applicable Law
Availability Period
Banking Day
Beneficiary
Business Day
Collateral
Collateral Account
Collateral Agent
Confirming Bank
Credit Event
Default Event
Drawing
Drawing Request
Effective Date
Eligible Securities
Event of Default
Expiry Date
Funded Amount
Funding Account
Governing Law
ICC
Issuing Bank
Letter of Credit
Letter of Credit Rights
Margin
Notification
Obligations
Payment Date
Presentation
Reference Banks
Required Documents
Security Interest
Settlement Date
Synthetic Facility
Synthetic Structure
Syndicate Banks
Termination Date
Transaction Documents
Transfer Rights
Trigger Event
UCP 600
Underlying Transaction
Utilization
Valuation Date
Credit Amount
Availability
Drawing Rights
Payment Obligations
Synthetic Structure
Funding Arrangements
Collateral Requirements
Security Interest
Documentary Requirements
Conditions Precedent
Representations and Warranties
Events of Default
Remedies
Force Majeure
Governing Law
Jurisdiction
Notices
Assignment and Transfer
Amendments
Fees and Expenses
Tax Provisions
Indemnification
Compliance with Laws
Anti-Money Laundering
Sanctions
Confidentiality
Set-off Rights
Termination
Settlement Procedures
Credit Event Provisions
Dispute Resolution
Severability
Entire Agreement
Banking and Financial Services
International Trade
Commodities Trading
Manufacturing
Energy and Resources
Infrastructure
Shipping and Maritime
Construction
Technology and Telecommunications
Healthcare
Legal
Finance
Treasury
Trade Finance
Risk Management
Compliance
Corporate Banking
International Banking
Credit Administration
Structured Finance
Documentary Credits
Transaction Banking
Trade Finance Manager
Structured Finance Director
Corporate Treasurer
Finance Director
Legal Counsel
Compliance Officer
Credit Risk Manager
Transaction Banking Officer
Documentary Credits Specialist
Senior Trade Finance Officer
Corporate Banking Manager
International Trade Specialist
Syndications Manager
Chief Financial Officer
Risk Management Officer
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